The Big Four Recession Indicators: Real Personal Income

Published on March 13, 2026

Personal income (excluding transfer receipts) rose 0.5% in January and was up 3.5% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, real personal income (excluding transfer receipts) was up 0.2% month-over-month and up 0.6% year-over-year.

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