Personal Saving Rate | U.S. Bureau of Economic Analysis (BEA) (2024)

Personal income increased $75.1 billion (0.3 percent at a monthly rate) in July. Disposable personal income (DPI)—personal income less personal current taxes—increased $54.8 billion (0.3 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $103.3 billion (0.5 percent) and consumer spending increased $103.8 billion (0.5 percent). Personal saving was $598.8 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 2.9 percent in July.

Personal Income and Outlays, July '24

Personal income increased $50.4 billion (0.2 percent at a monthly rate) in June. Disposable personal income (DPI)—personal income less personal current taxes—increased $37.7 billion (0.2 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $59.3 billion (0.3 percent) and consumer spending increased $57.6 billion (0.3 percent). Personal saving was $703.0 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.4 percent in June.

Disposable Personal Income, Outlays, and Savings, June '24

Personal income increased $114.1 billion (0.5 percent at a monthly rate) in May. Disposable personal income (DPI)—personal income less personal current taxes—increased $94.0 billion (0.5 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $56.4 billion (0.3 percent) and consumer spending increased $47.8 billion (0.2 percent). Personal saving was $806.1 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.9 percent in May.

Personal Income and Outlays, May 2024 CHART

Personal income increased $65.3 billion (0.3 percent at a monthly rate) in April. Disposable personal income (DPI)—personal income less personal current taxes—increased $40.2 billion (0.2 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $42.8 billion (0.2 percent) and consumer spending increased $39.1 billion (0.2 percent). Personal saving was $744.5 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.6 percent in April.

Personal Income and Outlays, April '24 Chart

Personal income increased $122.0 billion (0.5 percent at a monthly rate) in March. Disposable personal income (DPI)—personal income less personal current taxes—increased $104.0 billion (0.5 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $172.1 billion (0.9 percent) and consumer spending increased $160.9 billion (0.8 percent). Personal saving was $671.0 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.2 percent in March.

Personal Income and Outlays, March 2024 CHART

Personal income increased $66.5 billion (0.3 percent at a monthly rate) in February. Disposable personal income (DPI)—personal income less personal current taxes—increased $50.3 billion (0.2 percent). Consumer spending increased $145.5 billion (0.8 percent). Personal saving was $745.7 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.6 percent in February. Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $149.9 billion.

Personal Income and Outlays, February 2024 CHART

Personal income increased $233.7 billion (1.0 percent at a monthly rate) in January. Disposable personal income (DPI)—personal income less personal current taxes—increased $67.6 billion (0.3 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $54.3 billion (0.3 percent) and consumer spending increased $43.9 billion (0.2 percent). Personal saving was $779.3 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.8 percent in January.

Personal Income and Outlays, January '24 - CHART

Personal income increased $60.0 billion (0.3 percent at a monthly rate) in December. Disposable personal income (DPI)—personal income less personal current taxes—increased $51.8 billion (0.3 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $134.7 billion (0.7 percent) and consumer spending increased $133.9 billion (0.7 percent). Personal saving was $766.7 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.7 percent in December.

Personal Income and Outlays, December '23 - HP

Personal income increased $81.6 billion (0.4 percent at a monthly rate) in November. Disposable personal income (DPI)—personal income less personal current taxes—increased $71.9 billion (0.4 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $47.8 billion (0.2 percent) and consumer spending increased $46.7 billion (0.2 percent). Personal saving was $839.8 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 4.1 percent in November.

Personal Income and Outlays, November '23 - HP

Personal income increased $57.1 billion (0.2 percent at a monthly rate) in October. Disposable personal income (DPI)—personal income less personal current taxes—increased $63.4 billion (0.3 percent). Personal outlays—the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments—increased $43.8 billion (0.2 percent) and consumer spending increased $41.2 billion (0.2 percent). Personal saving was $768.6 billion and the personal saving rate—personal saving as a percentage of disposable personal income—was 3.8 percent in October.

Personal Income and Outlays, October ’23 CHART