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EMBARGOED UNTIL RELEASE AT 8:30 a.m. EDT, Thursday, July 30, 2026 Technical: Media: Lisa Mataloni (Personal Income) Harvey Davis (PCE) Connie O'Connell 301-278-9083 301-278-9719 301-278-9003 BEA 26–36 PINIWD@bea.gov PCE@bea.gov Connie.OConnell@bea.gov Personal Income and Outlays, June 2026 Personal income increased $54.9 billion (0.2 percent at a monthly rate) in June, according to estimates released today by the U.S. Bureau of Economic Analysis (BEA). Disposable personal income (DPI)— personal income less personal current taxes—increased $48.3 billion (0.2 percent), and personal consumption expenditures (PCE) increased $65.2 billion (0.3 percent). Disposable Personal Income, Outlays, and Saving Percent change from prior period Percent 1.2 1.0 0.8 0.6 0.4 0.2 0.0 –0.2 6.0 5.0 4.0 3.0 2.0 1.0 0.0 –1.0 0.0 Dec. Jan. 2025 DPI Feb. Mar. Apr. May June 2026 Outlays Personal saving as a percent of DPI DPI Disposable personal income U.S. Bureau of Economic Analysis Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—increased $70.0 billion in June. Personal saving was $646.1 billion in June, and the personal saving rate—personal saving as a percentage of DPI—was 2.7 percent. The increase in current-dollar personal income in June 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. The $65.2 billion increase in current-dollar PCE in June reflected increases of $58.2 billion in spending on services and $7.0 billion in spending on goods. Changes in Monthly Consumer Spending June 2026 Consumer spending increased $65.2 billion Goods Health care Motor vehicles and parts Financial services and insurance Recreational goods and vehicles Other nondurable goods Transportation services Recreation services Clothing and footwear Housing and utilities Food and beverages Furnishings and durable household equipment Food services and accommodations Other services Other durable goods Final expenditures of nonprofit institutions Gasoline and other energy goods Services 22.8 17.4 14.0 13.8 7.2 7.1 6.7 6.5 5.7 5.6 4.9 2.8 0.8 –0.4 –1.7 –48.1 Billions of dollars, seasonally adjusted annual rates U.S. Bureau of Economic Analysis Real PCE increased $68.0 billion (0.4 percent at a monthly rate) in June. From the preceding month, the PCE price index for June decreased 0.1 percent. Excluding food and energy, the PCE price index increased 0.1 percent. PCE Price Indexes, Percent Change From Month One Year Ago PCE PCE, excluding food and energy 5.0 4.0 From the same month one year ago, the PCE price index for June increased 3.7 percent. Excluding food and energy, the PCE price index increased 3.3 percent from one year ago. 3.0 2.0 1.0 0.0 June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June 2025 PCE Personal consumption expenditures U.S. Bureau of Economic Analysis Page 2 of 5 2026 Personal Income and Related Measures [Percent change from preceding month] May Current-dollar personal income 0.7 Current-dollar DPI 0.7 Real DPI 0.2 Current-dollar PCE 0.9 Real PCE 0.4 PCE price index 0.5 PCE price index, excluding food and energy 0.3 June 0.2 0.2 0.3 0.3 0.4 -0.1 0.1 Annual Update of the National and Regional Economic Accounts With improvements in the concurrent production of BEA statistics, the 2026 annual updates of national, industry, and regional data will begin on the same day for the first time: September 30, 2026. The annual update of the National Economic Accounts includes GDP, gross domestic income, GDP by industry, monthly personal income and outlays, and related statistics in the National Income and Product Accounts and the Industry Economic Accounts. The update of the Regional Economic Accounts includes GDP by state and by county, personal income by state and by county, and related statistics. For details, refer to "Information on 2026 Annual Updates to the National, Industry, State, and County Statistics." For definitions, statistical conventions, updates to personal income and outlays, and more information about these statistics, visit “Additional Information." Next release: August 26, 2026, at 8:30 a.m. EDT Personal Income and Outlays, July 2026 Page 3 of 5 Technical Notes Changes in personal income and outlays for June 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. Revisions to personal income Estimates have been updated for April and May reflecting updated BLS CES data. Revisions to government social benefits were led by Medicaid benefits, reflecting updated data from the Centers for Medicare & Medicaid Services as well as new Monthly Treasury Statement data. Page 4 of 5 Related Data Tables For the statistics highlighted in this release, as well as historical time series for these estimates, see the following data tables in BEA’s Interactive Data Application. Table 2.6. Personal Income and Its Disposition Table 2.8.1. Percent Change From Preceding Period in Real PCE by Major Type of Product Table 2.8.5. PCE by Major Type of Product Table 2.8.6. Real PCE by Major Type of Product Table 2.8.7. Percent Change From Preceding Period in Prices for PCE by Major Type of Product Table 2.8.11. Real PCE by Major Type of Product: Percent Change From Month One Year Ago Note. With the next release of PIO, today’s data will be superseded, and the links above will reflect the latest data. The original data featured in this release can then be accessed in BEA’s Data Archive. Page 5 of 5