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.