The Big Four Recession Indicators: Real Personal Income

Published on September 26, 2025

Personal income (excluding transfer receipts) rose 0.3% in August and was up 4.2% 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 1.4% year-over-year.

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