Personal Incomes Fall by 1.0% in September as Government Support Wanes

Personal Incomes Fall by 1.0% in September as Government Support Wanes

(BEA) US personal incomes fell by 1.0% or $216.2 billion, reflecting a decline in social benefits provided by the government. 

Disposable personal incomes fell by 1.3%, or $213.9 billion. Real DPI was down by 1.6%.

Personal consumption expenditures rose by 0.6%, or $93.4 billion. Real PCE was up by 0.3%.

The personal outlays rose by $92.1 billion in September. The personal savings was $1.34 trillion, with a personal savings rate of 7.5%.

Overall PCE price index ticked higher by 0.3% from August and was higher by 4.4% from the prior year. Excluding food and energy, the PCE index was up by 0.2% from August and up by 3.6% from the prior year.

SPY is down -0.25%, DXY is up +0.39%.

Our Experts


Daniel Michelson

Daniel is a long term investor and position trader in the forex market.

Reva Green

Reva Green is the Senior Editor for website. An experienced media professional, Reva has close to a decade of editorial experience with a background.

Shandor Brenner

Shandor Brenner, an experienced writer at fxaudit.com, brings a wealth of knowledge with over 20 years in the investment field.

Leave a Reply

CAPTCHA ImageChange Image