These statistics show the percentage change per month in disposable personal income in the U.S. from August 2020 to August 2021. Personal income measures people’s ability to consume goods and services, that is, personal consumption expenditures, and industries that produce consumer goods and services contribute significantly to U.S. gross domestic product. It is calculated as the sum of wage income, wage supplements, owner-occupied wealth income adjusted for stock appreciation and capital consumption, rental income adjusted for capital consumption, dividend income, interest income, and transfer income minus government social security contributions. Personal income in the U.S. reached $19.68 trillion in 2020, the highest in more than a decade. Disposable personal income rose 0.1% in July 2021 from the previous month. Disposable personal income is the total after-tax income of individuals; it is the income that people can spend or save. Disposable personal income is an important indicator of the health of the economy. According to the BEA, personal income is the income that individuals receive from all sources. For example, the retail contribution to U.S. GDP in 2019 was $1.2 trillion (2012). You can then save stats to your favorites and use personal stats alerts. The arts, entertainment, recreation, lodging and food sector contributed $672.1 billion to GDP in 2020. Statistical Accounts: access all statistics. Contact us for full access to international records, projections, research and data.
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