Personal income decreased less than $0.1 billion (less than 0.1 percent at a monthly rate) in April, according to estimates released today by the U.S.
Bureau of Economic Analysis (BEA)
Disposable personal income (DPI)-personal income less personal current taxes-decreased $19.9 billion (0.1 percent), and personal consumption expenditures (PCE) increased $111.1 billion (0.5 percent). Personal outlays-the sum of PCE, personal interest payments, and personal current transfer payments-increased $114.0 billion in April. Personal saving was $611.7 billion in April, and the personal saving rate-personal saving as a percentage of DPI-was 2.6 percent.
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