The Big Four Recession Indicators: Real Personal Income

Published on August 29, 2025

Personal income (excluding transfer receipts) rose 0.5% in July and was up 4.3% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, real personal income (excluding transfer receipts) was up 0.3% month-over-month and up 1.6% year-over-year.

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Real Disposable Income Per Capita Up 0.2% in July

August 29, 2025
With the release of July'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 up 0.37% month-over-month. When adjusted for inflation, real disposable income per capita was up 0.17%.

Osaic’s Price, Top Recruiter See More Wirehouse-to-RIA Movers

August 29, 2025
A panel at Echelon’s annual deal conference made the case that more favorable deal structures and robust RIA platforms are easing the way for captive wirehouse advisors to join RIAs—avoid the fear of being an “accidental CEO.”