Personal Income Up 0.4% in September, Spending Up 0.3%

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Personal Income Up 0.4% in September, Spending Up 0.3%

Washington, DC, December 8, 2025-- Personal income increased $94.5 billion (0.4% at a monthly rate) in September, according to estimates released by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)-personal income less personal current taxes-increased $75.9 billion (0.3%) and personal consumption expenditures (PCE) increased $65.1 billion (0.3%).

Personal outlays-the sum of PCE, personal interest payments, and personal current transfer payments-increased $70.7 billion in September. Personal saving was $1.09 trillion in September and the personal saving rate-personal saving as a percentage of disposable personal income-was 4.7%.