Personal income in the United States rose by $71.4 billion, or 0.3 percent, in June 2025, according to estimates released by the U.S. Bureau of Economic Analysis (BEA). Disposable personal income (DPI), which subtracts personal current taxes from personal income, also increased by 0.3 percent, amounting to a $61.0 billion gain for the month.
Personal consumption expenditures (PCE) grew by $69.9 billion, representing a 0.3 percent increase from May to June. The rise in PCE was split between a $40.1 billion increase in spending on services and a $29.9 billion increase in spending on goods.
Personal outlays, which include PCE, personal interest payments, and personal current transfer payments, went up by $69.5 billion during June. Personal saving reached $1.01 trillion for the month, with the saving rate at 4.5 percent of disposable personal income.
According to BEA estimates, “The increase in current-dollar personal income in June primarily reflected increases in government social benefits to persons and in compensation.”
Government social benefits to individuals were led by higher Social Security payments, based on data from the Social Security Administration and the Monthly Treasury Statement. Compensation increases included a $10.9 billion rise in government wages and salaries and an additional $10.8 billion mainly due to employer contributions for employee pension and insurance funds.
Private sector wages and salaries contributed another $6.3 billion increase for June, according to Bureau of Labor Statistics Current Employment Statistics data (https://www.bls.gov/ces/). Wages and salaries rose by $4.5 billion in goods-producing industries and by $1.9 billion in services-producing industries.
For more information about definitions and statistical conventions related to these estimates, BEA directs readers to its “Additional Information” resources online (https://www.bea.gov/data/income-saving/personal-income).
The next report on Personal Income and Outlays is scheduled for release on August 29, 2025.
“The increase in government social benefits to persons was led by Social Security payments, based on data from the Social Security Administration and the Monthly Treasury Statement.
The increase in compensation reflected increases of $10.9 billion in government wages and salaries, $10.8 billion in supplements (mainly employer contributions for employee pension and insurance funds), and $6.3 billion in private wages and salaries, based on data from the Bureau of Labor Statistics (BLS) Current Employment Statistics (CES). Wages and salaries in goods-producing industries increased $4.5 billion. Wages and salaries in services‑producing industries increased $1.9 billion.”