Personal income increased $54.5 billion (0.2 percent at a monthly rate) in September, 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 $52.7 billion (0.2 percent), and personal consumption expenditures (PCE) increased $113.1 billion (0.5 percent). Personal outlays —the sum of PCE, personal interest payments, and personal current transfer payments—increased $113.0 billion in September. Personal saving was $911.1 billion, and the personal saving rate —personal saving as a percentage of DPI—was 3.8 percent.
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