United States. Bureau of Economic Analysis. "Personal Income - December and Year 1978, BEA 79-04," Bureau of Economic Analysis (BEA) News Releases (January 17, 1979). https://fraser.stlouisfed.org/title/6148/item/595818, accessed on May 8, 2025.

Title: Personal Income - December and Year 1978, BEA 79-04

Date: January 17, 1979
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image-container-1 Far m opr et s ' i nc ome i nc r eas ed $5. 1 bi l l i on i n Dec ember , c ompar ed wi t h $1. 1 bi l l i on i n Nov ember . The l ar ge Dec ember i nc r eas e r es ul t ed pr i mar i l y f r om Gov er nment pay ment s t o gr ai n f ar mer s under t he t ar get pr i c e pr ov i s i on of t he 1977 Food and Agr i c ul t ur e Act . Tr ans f er pay ment s i nc r eas ed $0. 9 bi l l i on i n Dec ember , c ompar ed wi t h $1. 7 bi l l i on i n Nov ember . I n Nov ember a c os t of l i v i ng i nc r eas e i n vet er ans' benef i t s ac c ount ed f or $0. 6 bi l l i on of t he i nc r eas e. Di v i dend pay ment s i nc r eas ed $0. 9 bi l l i on, c ompar ed wi t h $0. 5 bi l l i on. Ot her nonwage i nc ome i nc r eas ed $2. 9 bi l l i on, about t he s ame as l as t mont h. Per s onal i nc ome i n 1978 Per s onal i nc ome f or t he y e a r 1978 was $1, 707. 3 bi l l i on, an i nc r eas e of $178. 4 bi l l i on or 11. 7 per c ent ov er 1977. I n 1977 per s onal i nc ome nc r eas ed $148. 1 bi l l i on or 10. 7 per c ent . The f ol l owi ng t abl e s hows t he per c ent age i nc r eas es i n t he pr i nc i pal c omponent s of per s onal i ncome. Per c ent Change f r om Pr ec edi ng Year i n Per s onal I nc ome 1977 1978 al Per s onal I nc ome 10. 7 11. 7 W ages and s al ar i es 10. 5 11. 9 Ot her l abor i nc ome 17. 4 17. 1 Far m pr opr i et or s ' i nc ome 9. 9 24. 0 Nonf ar m pr opr i et or s ' i nc ome 13. 3 10. 4 Rent al i nc ome of per s ons - 0. 2 4. 0 Di v i dends 15. 2 12. 9 Per s onal i nt er es t i nc ome 11. 8 12. 6 ans f er pay ment s s onal c ont r i but i ons f or s oci al 7. 7 8. 2 i ns ur anc e 9. 9 14. 3 Det ai l s of per s onal i nc ome i n Dec ember and ot her r ec ent per i ods ar e s hown i n t he ac c ompany i ng t abl es ; addi t i onal dat a appear each mont h i n t he Sur v ey of Cur r ent Bu s i n e s s , a mont hl y j our nal of t he Bur eau of Ec onomi c Anal y s i s . The Sur v ey of Cur r ent Bus i nes s i s av ai l abl e f r om t he Super i nt endent of Doc ument s , U. S. Gov er nment Pr i nt i ng Of f i c e, W as hi ngt on, D. C. 20402. Fi r s t cl as s mai l : annual s ubs c r i pt i on $31. 00 domes t i c . Sec ond c l as s mai l : annual s ubs c r i pt i on $19. 00 domes t i c , $23. 75 f or ei gn; s i ngl e i s s ue $1. 60 domes t i c , $2. 00 f or ei gn.
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Date: January 17, 1979
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