Personal income increased $66.6 billion (0.2 percent at a monthly rate) in August, according to estimates released today by the U.S. Bureau of Economic Analysis (BEA). Disposable personal income (DPI) —personal income less personal current taxes—increased $68.6 billion (0.3 percent), and personal consumption expenditures (PCE) increased $190.8 billion (0.9 percent). Personal outlays —the sum of PCE, personal interest payments, and personal current transfer payments—increased $190.7 billion in August. Personal saving was $990.2 billion, and the personal saving rate —personal saving as a percentage of DPI—was 4.1 percent.
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