Personal Income And Outlays, December 2018; Personal .
EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, FRIDAY, MARCH 1, 2019Technical:Media:Brian Smith (Personal Income)Kyle Brown (PCE)Jeannine Aversa(301) 278-9625(301) 278-9086(301) 278-9003BEA govPersonal Income and Outlays, December 2018;Personal Income, January 2019Due to the recent partial government shutdown, this report combines estimates for December 2018 andJanuary 2019. December estimates include both income and outlays measures, while January estimatesare limited to personal income. Estimates of outlays for January are unavailable due to a delay in therelease of the Census Bureau’s Advance Monthly Retail Sales.Personal Income and Outlays, December 2018Personal income increased 179.0 billion (1.0 percent) in December according to estimates releasedtoday by the Bureau of Economic Analysis. Disposable personal income increased 173.1 billion (1.1percent), and personal consumption expenditures decreased 76.6 billion (-0.5 percent).Real DPI increased 1.0 percent in December and real PCE decreased 0.6 percent. The PCE price indexincreased 0.1 percent. Excluding food and energy, the PCE price index increased 0.2 percent.The increase in personal income in December primarily reflected increases in personal dividend income,compensation of employees, and farm proprietors’ income (table 3). Personal dividend incomeincreased 83.4 billion, primarily reflecting a one-time special dividend payment by VMwareIncorporated. Farm proprietors’ income increased 29.2 billion, which included subsidy paymentsassociated with the Department of Agriculture’s Market Facilitation Program.In December, real PCE decreased 77.9 billion which reflected a decrease of 67.2 billion in spending forgoods and a 18.2 billion decrease in spending for services (table 7). Within goods, recreational goodsand vehicles was the leading contributor to the decrease. Within services, the largest contributor to thedecrease was spending for household electricity and gas. Detailed information on monthly real PCEspending can be found in Table 2.3.6U.Personal outlays decreased 71.3 billion in December (table 3). Personal saving rose to 1.21 trillion inDecember and the personal saving rate, personal saving as a percentage of disposable personal income,was 7.6 percent (table 1).
Personal Income, January 2019Personal income decreased 23.8 billion (-0.1 percent) in January. Disposable personal income (DPI)decreased 35.1 billion (-0.2 percent); Real DPI is unavailable for January.The decrease in personal income in January primarily reflected decreases in personal dividend income,farm proprietors’ income, and personal interest income that were partially offset by increases in socialsecurity benefit payments (related to cost of living adjustments), and other government social benefitsto persons, which includes the Child Tax Credit and the Affordable Care Act refundable tax credit.20182019Sept.Oct.Nov.Dec.Jan.Percent change from preceding monthPersonal income:Current dollarsDisposable personal income:Current dollarsChained (2012) dollarsPersonal consumption expenditures (PCE):Current dollarsChained (2012) dollarsPrice indexes:PCEPCE, excluding food and energyPrice indexes:PCEPCE, excluding food and .2.Percent change from month one year ago2.02.01.81.7.2.01.81.91.9.QCEW Data Included in the Third Quarter of 2018This news release includes revised estimates of wages and salaries, personal taxes, and contributionsfor government social insurance for July through September 2018 (third quarter). These estimatesreflect the incorporation of newly available third-quarter wage and salary tabulations from the Bureauof Labor Statistics’ Quarterly Census of Employment and Wages (QCEW) program.2018 Personal Income and OutlaysPersonal income (table 6) increased 4.5 percent in, compared with an increase of 4.4 percent in 2017.DPI increased 5.0 percent in 2018 compared with an increase of 4.4 percent in 2017. In 2018, PCEincreased 4.7 percent, compared with an increase of 4.3 percent in 2017.Real DPI increased 2.9 percent in 2018, compared with an increase of 2.6 percent in 2017. Real PCE(table 8) increased 2.6 percent, compared with an increase of 2.5 percent in 2017.Next release: March 29, 2019 at 8:30 A.M. EDTPersonal Income February 2019; Personal Outlays January 2019
Additional InformationResourcesAdditional Resources available at www.bea.gov: Stay informed about BEA developments byreading The BEA Wire, signing up for BEA’s emailsubscription service, or following BEA on Twitter@BEA News.Historical time series for these estimates can beaccessed in BEA’s Interactive Data Application.Access BEA data by registering for BEA’s DataApplication Programming Interface (API).For more on BEA’s statistics, see our monthlyonline journal, the Survey of Current Business.BEA's news release scheduleNIPA Handbook: Concepts and Methods of theU.S. National Income and Product AccountsDefinitionsPersonal income is the income received by, or on behalf of,all persons from all sources: from participation as laborersin production, from owning a home or business, from theownership of financial assets, and from government andbusiness in the form of transfers. It includes income fromdomestic sources as well as the rest of world. It does notinclude realized or unrealized capital gains or losses.Disposable personal income is the income available topersons for spending or saving. It is equal to personalincome less personal current taxes.Personal consumption expenditures (PCE) is the value ofthe goods and services purchased by, or on the behalf of,“persons” who reside in the United States.Personal outlays is the sum of PCE, personal interestpayments, and personal current transfer payments.Personal saving is personal income less personal outlaysand personal current taxes.The personal saving rate is personal saving as a percentageof disposable personal income.Current-dollar estimates are valued in the prices of theperiod when the transactions occurred—that is, at “marketvalue.” Also referred to as “nominal estimates” or as“current-price estimates.”Real values are inflation-adjusted estimates—that is,estimates that exclude the effects of price changes.For more definitions, see the Glossary: National Income andProduct Accounts.Statistical conventionsAnnual rates. Monthly and quarterly values are expressedat seasonally-adjusted annual rates (SAAR). Dollar changesare calculated as the difference between these SAARvalues. For detail, see the FAQ “Why does BEA publishestimates at annual rates?”Month-to-month percent changes are calculated fromunrounded data and are not annualized.Quarter-to-quarter percent changes are calculated fromunrounded data and are displayed at annual rates. Fordetail, see the FAQ “How is average annual growthcalculated?”Quantities and prices. Quantities, or “real” volumemeasures, and prices are expressed as index numbers witha specified reference year equal to 100 (currently 2012).Quantity and price indexes are calculated using a Fisherchained weighted formula that incorporates weights fromtwo adjacent periods (months for monthly data, quartersfor quarterly data and annuals for annual data). For detailson the calculation of quantity and price indexes, seeChapter 4: Estimating Methods in the NIPA Handbook.Chained-dollar values are calculated by multiplying thequantity index by the current dollar value in the referenceyear (2012) and then dividing by 100. Percent changescalculated from real quantity indexes and chained-dollarlevels are conceptually the same; any differences are due torounding. Chained-dollar values are not additive becausethe relative weights for a given period differ from those ofthe reference year. In tables that display chained-dollarvalues, a "residual" line shows the difference between thesum of detailed chained-dollar series and its correspondingaggregate.
List of Personal Income and Outlays News Release TablesTable 1.Table 2.Table 3.Table 4.Table 5.Table 6.Table 7.Table 8.Table 9.Table 10.Table 11.Personal Income and Its Disposition (Months)Personal Income and Its Disposition (Years and Quarters)Personal Income and Its Disposition, Change From Preceding Period (Months)Personal Income and Its Disposition, Change From Preceding Period (Years and Quarters)Personal Income and Its Disposition, Percent Change From Preceding Period (Months)Personal Income and Its Disposition, Percent Change From Preceding Period (Years and Quarters)Real Personal Consumption Expenditures by Major Type of Product (Months)Real Personal Consumption Expenditures by Major Type of Product (Years and Quarters)Price Indexes for Personal Consumption Expenditures: Level and Percent Change From Preceding Period (Months)Real Disposable Personal Income and Real Personal Consumption Expenditures: Percent Change From Month OneYear AgoPrice Indexes for Personal Consumption Expenditures: Percent Change From Month One Year Ago
March 1, 2019Table 1. Personal Income and Its Disposition (Months)[Billions of dollars]Line1 Personal income2 Compensation of employees3Wages and salaries4Private industries5Goods-producing industries6Manufacturing7Services-producing industries8Trade, transportation, and utilities9Other services-producing industries10Government11Supplements to wages and salaries12Employer contributions for employee pension and 334353637383940414243444546474849funds1Employer contributions for government social insuranceProprietors' income with inventory valuation and capitalconsumption adjustmentsFarmNonfarmRental income of persons with capital consumption adjustmentPersonal income receipts on assetsPersonal interest incomePersonal dividend incomePersonal current transfer receiptsGovernment social benefits to personsSocial security23MedicareMedicaidUnemployment insuranceVeterans' benefitsOtherOther current transfer receipts, from business (net)Less: Contributions for government social insurance, domesticLess: Personal current taxesEquals: Disposable personal incomeLess: Personal outlaysPersonal consumption expendituresGoodsDurable goodsNondurable goodsServices4Personal interest paymentsPersonal current transfer paymentsTo governmentTo the rest of the world (net)Equals: Personal savingPersonal saving as a percentage of disposable personal incomeAddenda:Personal income excluding current transfer receipts, billionsof chained (2012) dollars5Disposable personal income:Total, billions of chained (2012) dollars5Per capita:Current dollarsChained (2012) dollars6Population (midperiod, thousands)rSeasonally adjusted at annual rates2018rrrrAug.Sept.Oct.Nov.17,670.0 17,708.3 17,792.9 17,837.610,919.0 10,947.5 10,987.8 1,491.85890.866,149.471,387.484,762.091,399.9 102,054.4 .213,530.913,533.713,573.113,610.813,753.9 414,635.9 ,04144,130328,24148,54648,41744,568 .2p Preliminaryr Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the third quarter of 2018.1. Includes actual employer contributions and actuarially imputed employer contributions to reflect benefits accrued by defined benefit pension plan participants through service to employers in the current period.2. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund.3. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund.4. Consists of nonmortgage interest paid by households. Note that mortgage interest paid by households is an expense item in the calculation of rental income of persons.5. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures.6. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the followingmonth; the annual and quarterly estimates are averages of the monthly estimates.Source: U.S. Bureau of Economic Analysis
March 1, 2019Table 2. Personal Income and Its Disposition (Years and Quarters)[Billions of dollars]Line20171 Personal income2 Compensation of employees3Wages and salaries4Private industries5Goods-producing industries6Manufacturing7Services-producing industries8Trade, transportation, and utilities9Other services-producing industries10Government11Supplements to wages and salaries12Employer contributions for employee pension and 3334353637383940414243444546474849fundsEmployer contributions for government social insuranceProprietors' income with inventory valuation and capitalconsumption adjustmentsFarmNonfarmRental income of persons with capital consumption adjustmentPersonal income receipts on assetsPersonal interest incomePersonal dividend incomePersonal current transfer receiptsGovernment social benefits to personsSocial security23MedicareMedicaidUnemployment insuranceVeterans' benefitsOtherOther current transfer receipts, from business (net)Less: Contributions for government social insurance, domesticLess: Personal current taxesEquals: Disposable personal incomeLess: Personal outlaysPersonal consumption expendituresGoodsDurable goodsNondurable goodsServices4Personal interest paymentsPersonal current transfer paymentsTo governmentTo the rest of the world (net)Equals: Personal savingPersonal saving as a percentage of disposable personal incomeAddenda:Personal income excluding current transfer receipts, billionsof chained (2012) dollars5Disposable personal income:Total, billions of chained (2012) dollars5Per capita:Current dollarsChained (2012) dollars6Population (midperiod, thousands)20182017Seasonally adjusted at annual rates2018Q4Q1Q2Q3r17,103.1 17,319.2 17,466.7 17,657.310,568.6 10,710.1 10,782.9 8,237474849r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the third quarter of 2018.1. Includes actual employer contributions and actuarially imputed employer contributions to reflect benefits accrued by defined benefit pension plan participants through service to employers in the current period.2. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund.3. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund.4. Consists of nonmortgage interest paid by households. Note that mortgage interest paid by households is an expense item in the calculation of rental income of persons.5. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures.6. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the followingmonth; the annual and quarterly estimates are averages of the monthly estimates.Source: U.S. Bureau of Economic Analysis
March 1, 2019Table 3. Personal Income and Its Disposition, Change From Preceding Period (Months)[Billions of dollars]Line1 Personal income2 Compensation of employees3Wages and salaries4Private industries5Goods-producing industries6Manufacturing7Services-producing industries8Trade, transportation, and utilities9Other services-producing industries10Government11Supplements to wages and salaries12Employer contributions for employee pension and insurancefunds113Employer contributions for government social insurance14 Proprietors' income with inventory valuation and capitalconsumption adjustments15Farm16Nonfarm17 Rental income of persons with capital consumption adjustment18 Personal income receipts on assets19Personal interest income20Personal dividend income21 Personal current transfer receipts22Government social benefits to persons23Social security224Medicare325Medicaid26Unemployment insurance27Veterans' benefits28Other29Other current transfer receipts, from business (net)30 Less: Contributions for government social insurance, domestic31 Less: Personal current taxes32 Equals: Disposable personal income33 Less: Personal outlays34 Personal consumption expenditures35Goods36Durable goods37Nondurable goods38Services39 Personal interest payments440 Personal current transfer payments41To government42To the rest of the world (net)43 Equals: Personal savingAddenda:44 Personal income excluding current transfer receipts, billions ofchained (2012) dollars545 Disposable personal income, billions of chained (2012) dollars5Seasonally adjusted at annual 130.6225.3322.34-3.05-2.8625.374.9820.493.0 105.3 9.353.537.736.0143.2 .150.5 .4445p Preliminaryr Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the third quarter of 2018.1. Includes actual employer contributions and actuarially imputed employer contributions to reflect benefits accrued by defined benefit pension plan participants through service to employers in the current period.2. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund.3. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund.4. Consists of nonmortgage interest paid by households. Note that mortgage interest paid by households is an expense item in the calculation of rental income of persons.5. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures.Source: U.S. Bureau of Economic Analysis
March 1, 2019Table 4. Personal Income and Its Disposition, Change From Preceding Period (Years and Quarters)[Billions of dollars]2017Line1 Personal income2 Compensation of employees3Wages and salaries4Private industries5Goods-producing industries6Manufacturing7Services-producing industries8Trade, transportation, and utilities9Other services-producing industries10Government11Supplements to wages and salariesEmployer contributions for employee pension and 930313233343536373839404142434445Employer contributions for government social insuranceProprietors' income with inventory valuation and capitalconsumption adjustmentsFarmNonfarmRental income of persons with capital consumption adjustmentPersonal income receipts on assetsPersonal interest incomePersonal dividend incomePersonal current transfer receiptsGovernment social benefits to personsSocial security2Medicare3MedicaidUnemployment insuranceVeterans' benefitsOtherOther current transfer receipts, from business (net)Less: Contributions for government social insurance, domesticLess: Personal current taxesEquals: Disposable personal incomeLess: Personal outlaysPersonal consumption expendituresGoodsDurable goodsNondurable goodsServicesPersonal interest payments4Personal current transfer paymentsTo governmentTo the rest of the world (net)Equals: Personal savingAddenda:Personal income excluding current transfer receipts, billions ofchained (2012) dollars5Disposable personal income, billions of chained (2012) dollars520182017Seasonally adjusted at annual 7.4153.941.662.194.692.8130.7148.84445r Revised. Revisions include changes to series affected by the incorporation of revised wage and salary estimates for the third quarter of 2018.1. Includes actual employer contributions and actuarially imputed employer contributions to reflect benefits accrued by defined benefit pension plan participants through service to employers in the current period.2. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund.3. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund.4. Consists of nonmortgage interest paid by households. Note that mortgage interest paid by households is an expense item in the calculation of rental income of persons.5. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures.Source: U.S. Bureau of Economic Analysis
March 1, 2019Table 5. Personal Income and Its Disposition, Percent Change From Preceding Period (Months)Seasonally adjusted at monthly ratesLine20181 Personal income2 Compensation of employees3Wages and salaries4Supplements to wages and salaries5 Proprietors' income with inventory valuation and capitalconsumption adjustments6 Rental income of persons with capital consumption adjustment7 Personal income receipts on assets8Personal interest income9Personal dividend income10 Personal current transfer receipts11 Less: Contributions for government social insurance, domestic12 Less: Personal current taxes13 Equals: Disposable personal incomeAddenda:14 Personal consumption expenditures15Goods16Durable goods17Nondurable goods18Services1920rrJuneAug.JulyBased on current-dollar measu
Personal Income, January 2019 . Due to the recent partial government shutdown, this report combines estimates for December 2018 and January 2019. December estimates include both income and outlays measures, while January estimates are limited to personal income. Estimates of o utlays for
Media: Jeannine Aversa (301) 278-9003 Jeannine.Aversa@bea.gov Personal Income and Outlays, April 2022 Personal income increased 89.3 billion (0.4 percent) in April, according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) increased 48.3
Income Tax Act 2007 2007 No 97 BC 6 Income tax liability of filing taxpayer 106 BC 7 Income tax liability of person with schedular income 106 BC 8 Satisfaction of income tax liability 108 Subpart BD—Income, deductions, and timing BD 1 Income, exempt income, excluded income, non- 108 residents' foreign-sourced income, and assessable income
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AREA MEDIAN INCOME (AMI): The median family income in the metropolitan or nonmetropolitan area EXTREMELY LOW-INCOME (ELI): Households with income at or below the Poverty Guideline or 30% of AMI, whichever is higher VERY LOW-INCOME (VLI): Households with income between ELI and 50% of AMI LOW-INCOME (LI): Households with incomes between 51% and .
A digital concrete hammer, model 58-C181/F, made by Controls with an impact energy of 2.207 joules was used. This model complies with the following stan-dards: ASTM C 805, UNI 9189-88, BS 1881, NF P18-417, DIN 1048, ISO/DIN 8045. A well-calibrated ham-mer of these standards is expected to generate the same readings as presented here. Hammer readings were determined on samples of the following .
