Personal income in the United States advanced 0.5 percent month-over-month in May 2019, the same pace as in April and beating market expectations of a 0.3 percent rise. The increase in personal income in May primarily reflected increases in personal interest income, wages and salaries, and government social benefits to persons. Personal Income in the United States averaged 0.53 percent from 1959 until 2019, reaching an all time high of 4.60 percent in May of 2008 and a record low of -4.70 percent in January of 2013.
Personal Income in the United States is expected to be 0.30 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 0.40 in 12 months time. In the long-term, the United States Personal Income is projected to trend around 0.30 percent in 2020, according to our econometric models.