Real Disposable Income Per Capita Down 0.7% in May

Published on June 27, 2025

With the release of May'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 down 0.60% month-over-month, marking the first monthly decline since January 2022. When adjusted for inflation, real disposable income per capita was down 0.73%. 

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