The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
April 09, 2026US PERSONAL INCOME AND OUTLAY, FEBRUARY 2026 Month over month (February 2026 vs January 2026, seasonally adjusted annualized rates)
US personal income decreased by $18.1 billion (-0.07%) from January to February. Employee compensation was up $32.9 billion (+0.20%). Personal disposable income was down $18.3 billion (-0.08%) while personal consumption expenditures (PCE) increased by $103.3 billion (+0.48%). US personal savings fell by $124.9 billion (-11.82%).
US personal income is calculated as the sum of employee compensation ($16.18 trillion), proprietors' income ($2.13 trillion), rental income ($1.11 trillion), receipts on assets ($4.27 trillion) and current transfers received ($5.07 trillion), less contributions to social insurance programs ($2.09 trillion). Personal income ($26.66 trillion) less personal current taxes ($3.23 trillion) equals disposable income ($23.43 trillion).
The outlay of US personal disposable income consists of personal consumption expenditures ($21.62 trillion), interest payments ($0.59 trillion) and current transfers paid ($0.29 trillion) with personal savings ($0.93 trillion) accounting for the remaining amount.
Trends
US personal income fell while monthly consumption rose in February. In seven of the last twelve months, personal consumption expenditures have grown faster than income.
Growth in the price index for personal consumption expenditures (all items) was 2.8% year-over-year in February. Year-over-year growth in the price index for all items excluding food and energy was 3.0%. Inflation for all items excluding food and energy has outpaced all items PCE inflation in every month since February 2023.
The US personal savings rate fell to 4.0% of disposable personal income in February.
Year-ro-date (January-February 2026 vs January-February 2025)
In January-February 2026, US personal income increased by 4.0% over its value in January-February 2025. There were gains from all income sources except rental income, led by growth in current transfers received (+6.9%). Personal consumption expenditures grew by 5.2%. Personal savings declined 14.6%.
U.S. Bureau of Economic Analysis, "Table 2.6. Personal Income and Its Disposition, Monthly"; Data retrieved Federal Bank of St Louis
<--- Return to Archive
