The Big Four Recession Indicators: Real Personal Income

Published on February 20, 2026

Personal income (excluding transfer receipts) rose 0.2% in December and was up 3.1% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, real personal income (excluding transfer receipts) was down -0.1% month-over-month and up 0.2% year-over-year.

Continue reading on website
Other news

Real Disposable Income Per Capita Down 0.1% in December

February 20, 2026
With the release of December's report on personal incomes and outlays, we can now take a closer look at "real" disposable personal income per capita. To two decimal places, disposable income per capita was up 0.31% month-over-month. When adjusted for inflation, real disposable income per capita was down -0.05%.

The WealthStack Podcast: Beyond the Model & Scaling Personalized Portfolios with Joshua Allen

February 20, 2026
Joshua Allen, CEO of TCP Asset Management, unpacks what portfolio personalization looks like inside a fast-growing RIA.