The Big Four Recession Indicators: Real Personal Income
Published on October 31, 2026
Personal income (excluding transfer receipts) was up 0.18% in September and was up 4.21% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, real personal income (excluding transfer receipts) was down 0.31% month-over-month and up 0.54% year-over-year.