Personal income and outlays increased in September 2026

The U.S. Bureau of Economic Analysis said personal income increased $54.5 billion, or 0.2 percent at a monthly rate, in September 2026. The estimates were released Thursday 29 October 2026.

Disposable personal income, defined as personal income less personal current taxes, increased $52.7 billion, or 0.2 percent. Personal consumption expenditures increased $113.1 billion, or 0.5 percent.

Personal outlays, the sum of personal consumption expenditures, 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 was 3.8 percent.

The current-dollar personal income increase primarily reflected increases in compensation and government social benefits. Private wages and salaries led the increase within compensation, based on U.S. Bureau of Labor Statistics Current Employment Statistics data. Medicare led the increase in government social benefits.

Estimates for July and August were updated to reflect revised Current Employment Statistics data. The revision to personal interest income was led by monetary interest, based on newly available data from the U.S. Bureau of the Fiscal Service.

Real personal consumption expenditures increased $2.6 billion, by less than 0.1 percent at a monthly rate. From the preceding month, the PCE price index increased 0.5 percent. Excluding food and energy, it increased 0.3 percent. From the same month one year ago, the index increased 3.6 percent, or 3.1 percent excluding food and energy.