Personal income in the US decreased 2 percent month-over-month in May of 2021, following a 13.1 percent drop in April and compared with market expectations of a 2.5 percent fall as stimulus payments received earlier in the year began to fade. Within government social benefits, "other" social benefits decreased as economic impact payments made to individuals from the American Rescue Plan Act of 2021 continued, but at a lower level than in April. Unemployment insurance also was down led by decreases in payments from the Pandemic Unemployment Compensation program. source: U.S. Bureau of Economic Analysis

Personal Income in the United States averaged 0.54 percent from 1959 until 2021, reaching an all time high of 20.90 percent in March of 2021 and a record low of -13.10 percent in April of 2021. 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 July of 2021.

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 0.60 in 12 months time. In the long-term, the United States Personal Income is projected to trend around 0.30 percent in 2022, according to our econometric models.

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United States Personal Income

Actual Previous Highest Lowest Dates Unit Frequency
-2.00 -13.10 20.90 -13.10 1959 - 2021 percent Monthly
Current Prices, SA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-26 12:30 PM Feb -7.1% 10.1% -7.3% -8%
2021-04-30 12:30 PM Mar 21.1% -7% 20.3% 20.5%
2021-05-28 12:30 PM Apr -13.1% 20.9% -14.1% -14%
2021-06-25 12:30 PM May -2% -13.1% -2.5% -3%
2021-07-30 12:30 PM Jun -2% -0.3% -0.3%
2021-08-27 12:30 PM Jul
2021-10-01 12:30 PM Aug
2021-10-29 12:30 PM Sep


News Stream
US Personal Income Falls for 2nd Month
Personal income in the US decreased 2 percent month-over-month in May of 2021, following a 13.1 percent drop in April and compared with market expectations of a 2.5 percent fall as stimulus payments received earlier in the year began to fade. Within government social benefits, "other" social benefits decreased as economic impact payments made to individuals from the American Rescue Plan Act of 2021 continued, but at a lower level than in April. Unemployment insurance also was down led by decreases in payments from the Pandemic Unemployment Compensation program.
2021-06-25
US Personal Income Falls Less than Expected
Personal income in the US decreased 13.1 percent month-over-month in April of 2021, compared to market expectations of a 14.1 percent drop and after jumping by a revised 20.9 percent in March when most Americans received $1,400 checks as part of Covid-19 stimulus. Within government social benefits, "other" social benefits decreased as economic impact payments made to individuals from the American Rescue Plan Act of 2021 continued, but at a lower level than in March. Unemployment insurance also was down, led by decreases in payments from the Pandemic Unemployment Compensation program.
2021-05-28
US Personal Income Rises The Most on Record
Personal income in the US jumped 21.1 percent month-over-month in March of 2021, rebounding from a revised 7 percent drop in February and above market expectations of a 20.3 percent gain. It is the biggest rise on record reflecting an increase in government social benefits as most of the Americans received stimulus checks under The American Rescue Plan Act.
2021-04-30
US Personal Income Falls at Record 7.1%
Personal income in the US declined 7.1 percent month-over-month in February of 2021, down from an upwardly revised 10.1 percent jump in January and compared to market expectations of a 7.3 percent drop. It is the biggest fall on record reflecting a decrease in government social benefits to persons. Within government social benefits, “other” social benefits, specifically the economic impact payments to households, decreased. The CRRSA Act authorized a round of direct economic impact payments that were mostly distributed in January.
2021-03-26

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.