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Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email:

August 30, 2019

The US Bureau of Economic Analysis reports that US personal income increased $23.9 billion, or 0.1 per cent in July 2019 (seasonally adjusted levels at annualized rates).

The increase in personal income in July primarily reflected increases in compensation of employees and government social benefits to persons that were partially offset by a decrease in personal interest income.

US personal disposable income increased $44.4  billion, or 0.3 per cent in July 2019 to $16.5 trillion.

In real per capita terms, US disposable personal income increased $1.0 billion (Chained 2012 dollars) or was virtually unchanged compared to last month.

US personal consumption expenditures increased $93.1 billion, or 0.6 per cent in July 2019.

Personal savings (disposable personal income minus personal consumer expenditures, interest paid, and transfers to government and the rest of the world) decreased $52.0 billion in July 2019 to $1.27 trillion.

The personal savings rate was 7.7 per cent of disposable income.  

Source: US Bureau of Economic Analysis 

Press Release and Table 2.6. Personal Income and Its Disposition, Monthly NIPA

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