Personal income rose 0.8% or $88.8 billion and spending increased by 0.6% in March

Personal income increased $88.8 billion, or 0.8 percent, and disposable personal income (DPI) increased $78.4 billion, or 0.8 percent, in March, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $51.8 billion, or 0.6 percent. 

Private wage and salary disbursements increased $22.2 billion in March, compared with an increase of $19.8 billion in February. Personal current transfer receipts increased $51.6 billion in March, compared with an increase of $5.1 billion in February. The March increase reflected an increase of payments for the new Medicare Part D Prescription Drug Plan, which added $40.9 billion.

PERSONAL INCOME

PERSONAL CONSUMPTION EXPENDITURE

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