The Big Four Recession Indicators: Real Personal Income Up 0.1% in February

Published on March 31, 2025

Personal income (excluding transfer receipts) rose 0.4% in February and is up 3.7% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, real personal income (excluding transfer receipts) was up 0.1% month-over-month and up 1.1% year-over-year.