U.S. disposable personal income - monthly percentage of change 2019/20
This statistic shows the monthly percentage of change in disposable personal income in the United States from November 2019 to November 2020. Disposable personal income decreased by 1.2 percent in November 2020 from the previous month. The data are in current U.S. dollars, seasonally adjusted at annual rates.
Disposable personal income in the United States
According to the BEA, personal income is the income that is received by persons from all sources. It is calculated as the sum of wage and salary disbursements, supplements to wages and salaries, proprietors' income with inventory valuation and capital consumption adjustments, rental income of persons with capital consumption adjustment, personal dividend income, personal interest income, and personal current transfer receipts, less contributions for government social insurance. Disposable personal income is total after-tax income received by persons; it is the income available to persons for spending or saving.
Disposable personal income is a significant indicator of an economy’s health. Personal income determines an individual’s ability to consume goods and services, i.e. personal consumption expenditure, and industries producing consumer goods and services contribute heavily to United States gross domestic product. The retail trade industry, for example, contributed 1.16 trillion chained 2012 U.S. dollars to the GDP of the United States in 2019. Total Real GDP amounted to about 19.09 trillion U.S. dollars that year. The arts, entertainment, recreation, accommodation and food services industry contributed 907.2 billion U.S. dollars to the GDP in 2019.
Personal income in the United States was 18.59 trillion U.S. dollars in 2019, the highest value in over ten years.
Disposable personal income in the United States
According to the BEA, personal income is the income that is received by persons from all sources. It is calculated as the sum of wage and salary disbursements, supplements to wages and salaries, proprietors' income with inventory valuation and capital consumption adjustments, rental income of persons with capital consumption adjustment, personal dividend income, personal interest income, and personal current transfer receipts, less contributions for government social insurance. Disposable personal income is total after-tax income received by persons; it is the income available to persons for spending or saving.
Disposable personal income is a significant indicator of an economy’s health. Personal income determines an individual’s ability to consume goods and services, i.e. personal consumption expenditure, and industries producing consumer goods and services contribute heavily to United States gross domestic product. The retail trade industry, for example, contributed 1.16 trillion chained 2012 U.S. dollars to the GDP of the United States in 2019. Total Real GDP amounted to about 19.09 trillion U.S. dollars that year. The arts, entertainment, recreation, accommodation and food services industry contributed 907.2 billion U.S. dollars to the GDP in 2019.
Personal income in the United States was 18.59 trillion U.S. dollars in 2019, the highest value in over ten years.
