Personal income increased $113.8 billion (0.4 percent at a monthly rate) in January, according to estimates released by the U.S. Bureau of Economic Analysis.
Disposable personal income (DPI) – personal income less personal current taxes – increased $219.9 billion (0.9 percent), and personal consumption expenditures (PCE) increased $81.1 billion (0.4 percent).
This report for January 2026, originally scheduled for February 26, 2026, was rescheduled due to the October–November 2025 government shutdown.
Personal outlays – the sum of PCE, personal interest payments, and personal current transfer payments – increased $85.8 billion in January. Personal saving was $1.05 trillion in January, and the personal saving rate – personal saving as a percentage of DPI – was 4.5 percent.
The increase in current-dollar personal income in January primarily reflected increases in compensation, personal dividend income, and personal current transfer receipts.
The $81.1 billion increase in current-dollar PCE in January reflected an increase of $105.7 billion in spending on services that was partly offset by a decrease of $24.6 billion in spending on goods.
