Personal income

This table also can be found in the article, "The U.S. economy to 2024," published in the December 2015 Monthly Labor Review.

Other available formats: (XLSX)

Table 4.10 Personal income, 1994, 2004, 2014, and projected 2024

Category

Billions of current dollars

Percent distribution

Annual
rate of change

1994

2004

2014

2024

1994

2004

2014

2024

1994–2004

2004–14

2014–24

Sources:

Personal income

$5,934.7

$10,048.3

$14,728.6

$22,685.1

100.0

100.0

100.0

100.0

5.4

3.9

4.4

Compensation of employees

4,010.1

6,739.5

9,221.6

14,303.3

67.6

67.1

62.6

63.1

5.3

3.2

4.5

Wage & salary disbursements

3,236.6

5,421.9

7,446.0

11,581.8

54.5

54.0

50.6

51.1

5.3

3.2

4.5

Supplements to wages & salary

773.5

1,317.6

1,775.6

2,721.5

13.0

13.1

12.1

12.0

5.5

3.0

4.4

Proprietors' income

459.5

962.1

1,380.2

1,750.6

7.7

9.6

9.4

7.7

7.7

3.7

2.4

Rental income

117.4

255.4

640.3

894.6

2.0

2.5

4.3

3.9

8.1

9.6

3.4

Personal income on assets

1,029.3

1,503.8

2,125.3

3,407.0

17.3

15.0

14.4

15.0

3.9

3.5

4.8

Personal interest income

794.2

941.7

1,264.7

2,243.8

13.4

9.4

8.6

9.9

1.7

3.0

5.9

Personal dividend income

235.2

562.1

860.6

1,163.3

4.0

5.6

5.8

5.1

9.1

4.4

3.1

Personal current transfer receipts

826.4

1,416.7

2,522.7

4,094.9

13.9

14.1

17.1

18.1

5.5

5.9

5.0

Federal social benefits

606.5

1,014.9

1,863.5

3,043.0

10.2

10.1

12.7

13.4

5.3

6.3

5.0

State & local social benefits

206.7

385.0

615.1

982.5

3.5

3.8

4.2

4.3

6.4

4.8

4.8

Other, from business (net)

13.3

16.8

44.2

69.5

0.2

0.2

0.3

0.3

2.4

10.2

4.6

Less: Social insurance contribution

510.6

833.6

1,167.0

1,774.2

8.6

8.3

7.9

7.8

5.0

3.4

4.3

Use:

Personal income

5,934.7

10,048.3

14,728.6

22,685.1

100.0

100.0

100.0

100.0

5.4

3.9

4.4

Personal consumption

4,741.0

8,260.0

11,930.3

18,235.3

79.9

82.2

81.0

80.4

5.7

3.7

4.3

Personal taxes

690.5

1,046.0

1,742.9

2,810.6

11.6

10.4

11.8

12.4

4.2

5.2

4.9

Personal interest payments

121.9

221.8

256.8

483.1

2.1

2.2

1.7

2.1

6.2

1.5

6.5

Personal transfer payments

49.8

110.5

170.3

231.6

0.8

1.1

1.2

1.0

8.3

4.4

3.1

To government:

30.9

67.0

94.8

127.4

0.5

0.7

0.6

0.6

8.0

3.5

3.0

Federal

5.6

13.2

21.1

27.9

0.1

0.1

0.1

0.1

8.9

4.8

2.8

State & local

25.3

53.8

73.7

99.6

0.4

0.5

0.5

0.4

7.9

3.2

3.1

To the rest of the world (net)

19.0

43.6

75.6

104.2

0.3

0.4

0.5

0.5

8.7

5.7

3.3

Personal savings

331.4

410.0

628.3

924.4

5.6

4.1

4.3

4.1

2.2

4.4

3.9

Addenda:

Disposable personal income

5,244.2

9,002.3

12,985.8

19,874.5

-

-

-

-

5.6

3.7

4.3

Disposable personal income, chained 2009 dollars

7,010.6

10,035.6

11,939.5

15,108.2

-

-

-

-

3.7

1.8

2.4

Per capita disposable income

19,900.7

30,709.4

40,698.0

57,791.4

-

-

-

-

4.4

2.9

3.6

Per capita disposable income, chained 2009 dollars

26,603.3

34,233.8

37,418.4

43,931.3

-

-

-

-

2.6

0.9

1.6

Savings rate (percent)

6.3

4.5

4.8

4.7

-

-

-

-

-3.3

0.7

-0.4

Note: Dash indicates data not computable or not applicable.

Source: Historical data: Bureau of Economic Analysis; Projected data: Employment Projections program, U.S. Bureau of Labor Statistics.

Back to top

 

Last Modified Date: December 8, 2015