News | North America
US personal income rose 0.2 percent in June and the household saving rate stood at 2.7 percent
31 July 2026 | 3 months ago
The US Bureau of Economic Analysis said on Thursday, 30 July 2026, that personal income increased by $54.9 billion, or 0.2 percent at a monthly rate, in June. The rate in May was 0.7 percent.
According to the same release, disposable personal income, which is personal income less personal current taxes, rose by $48.3 billion, or 0.2 percent, and personal consumption expenditures rose by $65.2 billion, or 0.3 percent. Total personal outlays increased by $70.0 billion. Personal saving was $646.1 billion in June and the personal saving rate, saving as a share of disposable income, was 2.7 percent.
Spending growth outpacing income growth in the month means US households covered part of their higher outlays out of savings. The same release carries the personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, and was published one day after the Fed held its policy rate at 3.5 to 3.75 percent.
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