PAGE HEADER CONSUMER EXPENDITURES
Personal Income and Outlays
Personal income totaled $25.9 trillion in July 2025, or $66,100 per capita, according to estimates released by the U.S. Bureau of Economic Analysis. Disposable personal income was $22.6 trillion, while personal consumption expenditures (PCE) totaled $20.8 trillion. Real disposable personal income increased 2.0% from July 2024 to July 2025 and real personal consumption expenditures rose 2.1%.
Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—were $21.6 trillion. Personal saving was $985.6 billion in July and the personal saving rate— personal saving as a percentage of disposable personal income— was 4.4%.
From the same month one year before, the PCE price index for July increased 2.6%. Excluding food and energy, it climbed 2.9%. The price index rose 0.5% for goods in the same period and 3.6% for services. The food index increased 1.9% and the energy index fell 2.7%.
Personal consumption expenditures on food and beverage, excluding food service, was $1.5 trillion in Q2 2025, an increase of 3.5% over Q2 2024.
Personal income increased 5.1% from a year earlier to $26.1 trillion in Q2 2025, compared with an increase of 5.7% ending in Q2 2024.
Total disposable personal income increased 4.6% annually to $22.9 trillion in Q2 2025, but when adjusted for inflation, it only increased by 2.15%.
Per capita disposable personal income rose 4.0% to $66,831, equivalent to $52,866 in 2017 dollars.
Sources -
U.S. Bureau of Economic Analysis, “Personal Income and Outlays, July 2025,” August 29, 2025
U.S. Bureau of Economic Analysis. “Table 2.1. Personal Income and Its Dis- position,” September 25, 2025
U.S. Bureau of Economic Analysis. “Table 2.3.5U. Personal Consumption Expenditures by Major Type of Product and by Major Function,” September 25, 2025
Annual Per Capita Personal Consumption Expenditures on Food by State, 2024 Food and beverages purchased for off-premises consumption (Dollars)
GeoFlips Statee or DC 00000 United States 91000 New England 92000 Mideast
93000 Great Lakes 94000 Plains
95000 Southeast 96000 Southwest
2024
$4,350 $4,839 $4,311 $4,139 $4,006 $4,340 $4,053
97000 Rocky Mountain $4,479 98000 Far West
$4,782 Notes: In current dollars. Per capita values are computed from unrounded data.
Source: U.S. Bureau of Economic Analysis, "Per capita personal consumption expenditures (PCE) by major type of product: Food and beverages purchased for off-premises consumption," September 26, 2025
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