Personal income increased $149.2 billion (0.6 percent at a monthly rate) in March, according to estimates released today by the U.S. Bureau of Economic Analysis (BEA). Disposable personal income (DPI)—personal income less personal current taxes—increased $142.5 billion (0.6 percent), and personal consumption expenditures (PCE) increased $195.4 billion (0.9 percent).

Personal outlays the sum of PCE, personal interest payments, and personal current transfer payments—increased $198.6 billion in March. Personal saving was $857.3 billion in March, and the personal saving rate—personal saving as a percentage of DPI—was 3.6 percent.

The increase in current-dollar personal income in March primarily reflected increases in compensation and farm proprietors' income that were partly offset by a decrease in other government social benefits.

The $195.4 billion increase in current-dollar PCE in March reflected increases of $132.6 billion in spending on goods and $62.9 billion in spending on services.

Real PCE increased $39.6 billion (0.2 percent at a monthly rate) in March.

From the preceding month, the PCE price index for March increased 0.7 percent. Excluding food and energy, the PCE price index increased 0.3 percent.

From the same month one year ago, the PCE price index for March increased 3.5 percent. Excluding food and energy, the PCE price index increased 3.2 percent from one year ago.

Technical Notes: The March increase in personal income primarily reflected increases in compensation and farm proprietors' income. Real PCE increased 0.2 percent, consistent with the payload. Current-dollar PCE increased 0.9 percent. Personal income increased 0.6 percent. Full article published April 30, 2026 by BEA.