Personal Income (PI)
Personal Income — Historical Chart
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Sign Up FreeUnderstanding Personal Income
Personal Income (FRED series PI) is a monthly economic indicator measured in billions of dollars. The series is published through FRED, the Federal Reserve Bank of St. Louis economic database, with history going back to 1959. Values are seasonally adjusted, smoothing out predictable calendar effects so that underlying trends are easier to see.
Why it matters: Personal Income is one of the indicators traders, economists, and policymakers watch within the economic complex. Analysts use it to track conditions in the US economy and to anticipate shifts in growth, inflation, and policy.
How to read it: focus on the direction and persistence of changes rather than any single monthly print. Comparing the latest value against its level a year ago, and against its long-run range since 1959, gives a better sense of whether the series is signaling acceleration, deceleration, or a turning point.
About This Series
BEA Account Code: A065RC Personal income is the income that persons receive in return for their provision of labor, land, and capital used in current production and the net current transfer payments that they receive from business and from government.25 Personal income is equal to national income minus corporate profits with inventory valuation and capital consumption adjustments, taxes on production and imports less subsidies, contributions for government social insurance, net interest and miscellaneous payments on assets, business current transfer payments (net), current surplus of government enterprises, and wage accruals less disbursements, plus personal income receipts on assets and personal current transfer receipts. A Guide to the National Income and Product Accounts of the United States (NIPA) - (http://www.bea.gov/national/pdf/nipaguid.pdf)
Recent Data
| Date | Value (Bil. of $) | Change |
|---|---|---|
| April 1, 2026 | 26,722.5 | +0 |
| March 1, 2026 | 26,722.5 | +27.2 |
| February 1, 2026 | 26,695.3 | +16.2 |
| January 1, 2026 | 26,679.1 | +113.4 |
| December 1, 2025 | 26,565.7 | +70.9 |
| November 1, 2025 | 26,494.8 | +89.1 |
| October 1, 2025 | 26,405.7 | +24.7 |
| September 1, 2025 | 26,381 | +102.9 |
| August 1, 2025 | 26,278.1 | +128.5 |
| July 1, 2025 | 26,149.6 | +173.9 |
| June 1, 2025 | 25,975.7 | +253 |
| May 1, 2025 | 25,722.7 | -100.8 |
Frequently Asked Questions
What is Personal Income today?
The latest value of Personal Income (PI) is shown at the top of this page, along with its observation date and the change from the prior reading. Data is sourced from FRED and refreshed regularly.
How often is Personal Income updated?
Personal Income is reported monthly (Monthly). New observations appear on FRED shortly after the source agency releases them, and this page updates daily.
What does a rising Personal Income mean?
A sustained rise in Personal Income signals strengthening readings in this economic measure, in billions of dollars. Whether that is positive or negative for markets depends on context — compare the move against the series’ trend and related indicators in the same category.
Where does the PI data come from?
The data comes from FRED® (Federal Reserve Economic Data), maintained by the Federal Reserve Bank of St. Louis, under series ID PI. History is available back to 1959.
Related Unknown Indicators
- Real Gross Domestic Product1.6
- Real gross domestic product per capita70,502
- Average Hourly Earnings of Production and Nonsupervisory Employees, Total Private32.31
- Average Weekly Hours of All Employees, Total Private34.3
- Average Weekly Hours of Production and Nonsupervisory Employees, Manufacturing41.6
- Average Weekly Overtime Hours of Production and Nonsupervisory Employees, Manufacturing4
- Business Applications: Total for All NAICS in the United States523,971
- ICE BofA US Corporate Index Option-Adjusted Spread0.75
Data sourced from FRED®, Federal Reserve Bank of St. Louis: Personal Income (PI). Retrieved from fred.stlouisfed.org. Last updated May 28, 2026.