US Personal income increased $54.9 billion (0.2 percent at a monthly rate) in June, & current-dollar PCE increase in June by $65.2 billion, a $58.2 billion increase in spending on services and $7.0 billion in spending on goods offset by a $48.1 billion drop in energy spending.

U.S. Bureau of Economic Analysis (BEA) reported personal income and savings and Outlays

The personal saving rate—personal saving as a percentage of DPI—was 2.7 percent.

The June increase of $54.9 billion in personal income primarily reflected increases in compensation, personal income receipts on assets, and government social benefits that were partly offset by a decrease in farm proprietors’ income.

* Within compensation, the increase was led by private wages and salaries based on Bureau of Labor Statistics (BLS) Current Employment Statistics (CES). * The increase in personal income receipts on assets reflected increases in both dividend income and interest income. * Within government social benefits, the leading contributors to the increase were Medicare, based on data from the Centers for Medicare & Medicaid Services and the Budget of the U.S. Government, and social security benefits, based on data from the Social Security Administration. * The decrease in farm proprietors’ income reflected the pattern of payments to farmers from the American Relief Act of 2025.