Personal Income Rose 0.3% in November, Spending Up 0.4%

Washington, DC, December 20, 2024-Personal income increased $71.1 billion (0.3% at a monthly rate) in November, according to estimates released by the U.S. Bureau of Economic Analysis.

Disposable personal income (DPI), personal income less personal current taxes, increased $61.1 billion (0.3%) and personal consumption expenditures (PCE) increased $81.3 billion (0.4%).

The PCE price index increased 0.1%. Excluding food and energy, the PCE price index increased 0.1%. Real DPI increased 0.2% in November, and real PCE increased 0.3%; goods increased 0.7% and services increased 0.1%.