Personal income in the United States rose by $94.5 billion, or 0.4 percent, in September 2025, according to data released by the U.S. Bureau of Economic Analysis (BEA). Disposable personal income, which is personal income minus current taxes, increased by $75.9 billion (0.3 percent), while personal consumption expenditures (PCE) went up by $65.1 billion (0.3 percent).
The report also noted that total personal outlays—which include PCE, interest payments, and transfer payments—grew by $70.7 billion during the month. The amount saved by individuals reached $1.09 trillion in September, with a personal saving rate of 4.7 percent.
The main contributors to the rise in current-dollar personal income were increases in compensation and income receipts on assets.
For PCE, most of the growth came from services spending, which increased by $63 billion; goods spending contributed an additional $2.1 billion.
Wages and salaries grew across both private and government sectors based on figures from the Bureau of Labor Statistics’ Current Employment Statistics program. Private sector wages and salaries rose by $41.2 billion—with $32.3 billion coming from services-producing industries and $8.9 billion from goods-producing industries—while government wages and salaries climbed by $7.1 billion.
Supplements to wages and salaries increased as well, up by $10.7 billion due mainly to higher employer contributions for employee pension and insurance funds.
Personal dividend income saw an increase of $19.8 billion, supported by data from publicly traded companies.
Other key indicators for September included a 0.1 percent rise in real disposable personal income, no change in real PCE, a 0.3 percent increase in the PCE price index, and a 0.2 percent rise in the core PCE price index excluding food and energy.
Further definitions and updates can be found on BEA’s “Additional Information” page as referenced on their release schedule.
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