Personal Income and Outlays, June 2026

Personal income in June rose by $54.9 billion, or 0.2 percent month-over-month, according to estimates from the U.S. Bureau of Economic Analysis. Disposable personal income, which subtracts taxes from income, grew by $48.3 billion, or 0.2 percent. Personal consumption expenditures, encompassing spending on goods and services, increased by $65.2 billion, or 0.3 percent.

Personal outlays, the total of consumption expenditures, interest payments, and transfer payments, climbed by $70.0 billion. Personal saving amounted to $646.1 billion in June, with a saving rate of 2.7 percent of disposable income. The uptick in personal income was mainly driven by rises in compensation, asset income, and government benefits, partially countered by a decline in farm proprietors' income.

Overall, current-dollar personal consumption expenditures climbed $65.2 billion in June, primarily from higher spending on services and goods. Real personal consumption expenditures rose $68.0 billion, or 0.4 percent, month-over-month. The price index for personal consumption expenditures decreased 0.1 percent month-over-month, excluding food and energy, which increased 0.1 percent.

However, from the same month last year, the PCE price index had risen 3.7 percent, excluding food and energy, which increased 3.3 percent.