Personal Income Rose 0.5% in March, Spending Up 0.7%

Washington, DC, April 30, 2025-Personal income increased $116.8 billion (0.5% at a monthly rate) in March, according to estimates released by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)-personal income less personal current taxes-increased $102.0 billion (0.5%), and personal consumption expenditures (PCE) increased $134.5 billion (0.7%).

Personal outlays-the sum of PCE, personal interest payments, and personal current transfer payments-increased $136.6 billion in March. Personal saving was $872.3 billion in March and the personal saving rate-personal saving as a percentage of disposable personal income-was 3.9%.