BEA News: Personal Income and Outlays, September 2023

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:

Personal income increased $77.8 billion (0.3 percent at a monthly rate) in September. Disposable personal income (DPI)-personal income less personal current taxes- increased $56.1 billion (0.3 percent). Personal outlays-the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments-increased $175.1 billion (0.9 percent) and consumer spending increased $138.7 billion (0.7 percent). Personal saving was $687.7 billion and the personal saving rate-personal saving as a percentage of disposable personal income-was 3.4 percent in September.

The full text of the release can be found at www.bea.gov/news/2023/personal-income-and-outlays-september-2023.