Personal income

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Table 4.10 Personal income

Category

Billions of current dollars

Percent distribution

Annual rate of change

1998

2008

2018

2028

1998

2008

2018

2028

1998–08

2008–18

2018–28

Sources

Personal income

$7,606.7

$12,442.2

$17,569.5

$26,236.8

100.0

100.0

100.0

100.0

5.0

3.5

4.1

Compensation of employees

5,071.1

8,057.0

10,841.3

16,419.7

66.7

64.8

61.7

62.6

4.7

3.0

4.2

Wage & salary disbursements

4,181.6

6,534.2

8,821.3

13,400.4

55.0

52.5

50.2

51.1

4.6

3.0

4.3

Supplements to wages & salary

889.5

1,522.7

2,021.0

3,019.4

11.7

12.2

11.5

11.5

5.5

2.9

4.1

Proprietors' income

640.2

960.9

1,578.8

1,856.9

8.4

7.7

9.0

7.1

4.1

5.1

1.6

Rental income

165.2

256.7

759.9

985.1

2.2

2.1

4.3

3.8

4.5

11.5

2.6

Personal income on assets

1,370.9

2,200.9

2,766.1

4,176.3

18.0

17.7

15.7

15.9

4.8

2.3

4.2

Personal interest income

1,015.5

1,396.3

1,616.5

2,621.5

13.4

11.2

9.2

10.0

3.2

1.5

5.0

Personal dividend income

355.4

804.6

1,151.7

1,554.8

4.7

6.5

6.6

5.9

8.5

3.7

3.0

Personal current transfer receipts

983.9

1,955.1

2,980.7

4,833.4

12.9

15.7

17.0

18.4

7.1

4.3

5.0

Federal social benefits

722.1

1,463.2

2,180.9

3,679.5

9.5

11.8

12.4

14.0

7.3

4.1

5.4

State & local social benefits

235.8

456.1

739.1

1,058.1

3.1

3.7

4.2

4.0

6.8

4.9

3.7

Other, from business (net)

26.0

35.8

60.7

95.8

0.3

0.3

0.3

0.4

3.3

5.4

4.7

Less: Social insurance contribution

627.8

993.2

1,364.7

2,042.8

8.3

8.0

7.8

7.8

4.7

3.2

4.1

Use

Personal income

7,606.7

12,442.2

17,569.5

26,236.8

100.0

100.0

100.0

100.0

5.0

3.5

4.1

Personal consumption

5,877.2

9,976.3

13,948.5

20,750.4

77.3

80.2

79.4

79.1

5.4

3.4

4.1

Personal taxes

1,032.4

1,507.2

2,047.8

3,104.1

13.6

12.1

11.7

11.8

3.9

3.1

4.2

Personal interest payments

180.9

268.8

334.2

599.8

2.4

2.2

1.9

2.3

4.0

2.2

6.0

Personal transfer payments

69.6

145.0

202.0

282.8

0.9

1.2

1.1

1.1

7.6

3.4

3.4

To government:

39.9

81.0

111.9

169.9

0.5

0.7

0.6

0.6

7.3

3.3

4.3

Federal

8.8

19.5

27.6

41.4

0.1

0.2

0.2

0.2

8.3

3.5

4.1

State & local

31.1

61.5

84.3

128.5

0.4

0.5

0.5

0.5

7.1

3.2

4.3

To the rest of the world (net)

29.7

64.0

90.1

112.9

0.4

0.5

0.5

0.4

8.0

3.5

2.3

Personal savings

446.5

544.9

1,037.0

1,499.6

5.9

4.4

5.9

5.7

2.0

6.6

3.8

Addenda

Disposable personal income

6,574.2

10,935.0

15,521.8

23,132.7

5.2

3.6

4.1

Disposable personal income, chained 2012 dollars

8,740.6

11,610.8

14,350.0

17,534.0

2.9

2.1

2.0

Per capita disposable income

23,802.3

35,923.1

47,394.8

65,923.9

4.2

2.8

3.4

Per capita disposable income, chained 2012 dollars

31,639.2

38,141.4

43,696.5

49,972.6

1.9

1.4

1.4

Savings rate (percent)

6.8

5.0

6.7

6.5

-3.0

3.0

-0.3

Note: Dash indicates data not computable or not applicable.
Source: Historical data: Bureau of Economic Analysis; Projected data: Bureau of Labor Statistics.

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Last Modified Date: September 4, 2019