US personal income fell by 0.7 percent from a month earlier in October of 2020, following a downwardly revised 0.7 percent increase in the previous month and compared with market expectations of a flat reading. The decrease in government social benefits was mostly to blame because of a drop in Lost Wages Supplemental Payments, a Federal Emergency Management Agency program that provides wage assistance to individuals impacted by the pandemic. In contrast, compensation and proprietors’ income rose. On a positive note, personal spending increased 0.5 percent, following a downwardly revised 1.2 percent growth in September and slightly beating market forecasts of 0.4 percent. source: U.S. Bureau of Economic Analysis

Personal Income in the United States averaged 0.53 percent from 1959 until 2020, reaching an all time high of 12.20 percent in April of 2020 and a record low of -4.70 percent in January of 2013. This page provides the latest reported value for - United States Personal Income - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Personal Income - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.

Personal Income in the United States is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Personal Income in the United States to stand at 0.60 in 12 months time. In the long-term, the United States Personal Income is projected to trend around 0.30 percent in 2021, according to our econometric models.

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United States Personal Income

Actual Previous Highest Lowest Dates Unit Frequency
-0.70 0.70 12.20 -4.70 1959 - 2020 percent Monthly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-28 12:30 PM Jul 0.4% -1% -0.2% -0.4%
2020-10-01 12:30 PM Aug -2.7% 0.5% -2.4% -2%
2020-10-30 12:30 PM Sep 0.9% -2.5% 0.4% 0.4%
2020-11-25 03:00 PM Oct -0.7% 0.7% 0% 0.2%
2020-12-23 01:30 PM Nov -0.7% -0.3% -0.4%
2021-01-29 01:30 PM Dec -0.6%
2021-02-26 01:30 PM Jan
2021-03-26 12:30 PM Feb
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
US Personal Income Unexpectedly Falls in October
US personal income fell by 0.7 percent from a month earlier in October of 2020, following a downwardly revised 0.7 percent increase in the previous month and compared with market expectations of a flat reading. The decrease in government social benefits was mostly to blame because of a drop in Lost Wages Supplemental Payments, a Federal Emergency Management Agency program that provides wage assistance to individuals impacted by the pandemic. In contrast, compensation and proprietors’ income rose. On a positive note, personal spending increased 0.5 percent, following a downwardly revised 1.2 percent growth in September and slightly beating market forecasts of 0.4 percent.
2020-11-25
US Personal Income Beats Forecast in September
US personal income rose by 0.9 percent from a month earlier in September 2020, rebounding from a revised 2.5 percent slump in August and beating market consensus of a 0.4 percent increase. The monthly gain was boosted by increases in proprietors’ income, compensation of employees, and rental income of persons, which were partly offset by a decrease in government social benefits.
2020-10-30
US Personal Income Falls More than Expected in August
US personal income fell by 2.7 percent from a month earlier in August of 2020, following a revised 0.5 percent increase in July and compared to market expectations of a 2.4 percent drop. It is the 3rd biggest drop ever in personal income amid a decrease in unemployment insurance benefits. The Federal Pandemic Unemployment Compensation program which provided a temporary weekly supplemental payment of $600 for those receiving unemployment benefits expired on July 31st and was replaced by a $300 supplement. Partially offsetting the decrease in unemployment insurance benefits was an increase in compensation in August. Government wage and salary disbursements increased $17.5 billion in August, following a rise of $14.5 billion in July. Temporary and intermittent Census decennial workers boosted government wages and salaries by $10.8 billion.
2020-10-01
US Personal Income Unexpectedly Rises in July
US personal income rose by 0.4 percent from a month earlier in July 2020, following a revised 1.0 percent fall in June and compared to market expectations of a 0.2 percent decline. Compensation of employees was the main contributor to the increase in income as portions of the economy continued to reopen, followed by gains in proprietors’ income and rental income of persons. However, government social benefits and income on assets fell.
2020-08-28

United States Personal Income
Personal Income refers to the income that persons receive in return for their provision of labor, land, and capital used in current production, plus current transfer receipts less contributions for government social insurance.