The Big Four Recession Indicators: Real Personal Income

Published on August 26, 2026

Personal income (excluding transfer receipts) was up 0.35% in July and was up 3.31% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, real personal income (excluding transfer receipts) was up 0.19% month-over-month and down -0.38% year-over-year.

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