Personal Income and Its Disposition statistics

[In billions of dollars (394.0 represents $394,000,000,000), except percent. For definition of personal income and other components, see Terms, below table]



ITEM	1959	1960	1961	1962	1963	1964	1965	1966	1967	1968	1969	1970	1971	1972	1973	1974	1975	1976	1977	1978	1979	1980	1981	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997	1998	1999


Personal income............................................................................	394.0	412.7	430.3	457.9	481.0	515.8	557.4	606.4	650.4	714.5	780.8	841.1	905.1	994.3	1,113.4	1,225.6	1,331.7	1,475.4	1,637.1	1,848.3	2,081.5	2,323.9	2,599.4	2,768.4	2,946.9	3,274.8	3,515.0	3,712.4	3,962.5	4,272.1	4,599.8	4,903.2	5,085.4	5,390.4	5,610.0	5,888.0	6,200.9	6,547.4	6,951.1	7,358.9	7,791.8
Wage and salary disbursements...............................................	259.8	272.8	280.5	299.3	314.8	337.7	363.7	400.3	428.9	471.9	518.3	551.5	583.9	638.7	708.7	772.6	814.6	899.5	993.9	1,120.7	1,255.8	1,377.5	1,517.2	1,593.4	1,684.7	1,854.6	1,995.4	2,114.4	2,270.2	2,452.7	2,596.8	2,754.6	2,824.2	2,982.6	3,085.2	3,236.7	3,424.7	3,626.5	3,888.9	4,186.0	4,472.3
Private industries........................................................................	213.8	223.7	228.0	243.0	254.8	272.9	293.8	321.9	342.5	375.3	412.7	434.3	457.4	501.2	560.0	611.8	638.6	710.8	791.6	901.2	1,018.7	1,116.2	1,231.7	1,286.1	1,359.8	1,507.0	1,621.7	1,717.8	1,848.0	2,001.8	2,117.1	2,237.9	2,278.6	2,414.9	2,500.3	2,632.8	2,802.0	2,985.5	3,224.4	3,493.2	3,745.8
Commodity-producing industries.........................................	109.9	113.4	114.0	122.2	127.4	136.0	146.6	161.6	169.0	184.1	200.4	203.7	209.1	228.2	255.9	276.5	277.1	309.7	346.1	392.6	442.3	472.3	514.5	514.6	527.7	586.1	620.2	636.8	660.1	706.7	732.2	754.4	746.3	765.7	780.6	824.0	863.6	908.2	975.5	1,038.7	1,082.4
Manufacturing.......................................................................	86.9	89.8	89.9	96.8	100.7	107.3	115.7	128.2	134.3	146.0	157.7	158.4	160.5	175.6	196.6	211.8	211.6	238.0	266.7	300.1	335.2	356.2	387.6	385.7	400.7	445.4	468.5	480.7	496.9	529.9	547.9	561.4	562.5	583.5	592.4	620.3	647.5	673.7	718.8	757.5	779.7
Distributive industries................................................................	65.1	68.6	69.6	73.3	76.8	82.0	87.9	95.1	101.6	110.8	121.7	131.2	140.4	153.3	170.3	186.8	198.1	219.5	242.7	274.9	308.5	336.7	368.5	385.9	405.7	445.2	476.5	501.6	535.4	575.1	606.5	633.6	646.3	680.2	697.3	738.4	782.1	822.4	879.1	944.6	1,005.8
Service industries.....................................................................	38.8	41.7	44.4	47.6	50.7	54.9	59.4	65.3	72.0	80.4	90.6	99.4	107.9	119.7	133.9	148.6	163.4	181.6	202.8	233.7	267.8	307.2	348.6	385.6	426.4	475.6	524.9	579.3	652.4	720.1	778.5	849.9	886.0	969.0	1,022.4	1,070.4	1,156.3	1,254.9	1,369.8	1,509.9	1,657.6
Government..........................................................................	46.0	49.2	52.4	56.3	60.0	64.9	69.9	78.3	86.4	96.6	105.5	117.1	126.5	137.4	148.7	160.9	176.0	188.6	202.3	219.6	237.1	261.3	285.6	307.3	325.0	347.6	373.8	396.6	422.2	450.9	479.7	516.7	545.6	567.7	584.9	603.9	622.7	641.0	664.4	692.8	726.5
Other labor income.....................................................................	13.4	14.4	15.2	16.7	18.0	20.3	22.7	25.5	28.2	32.5	36.6	41.9	48.0	55.3	62.8	73.3	87.6	105.3	125.3	143.4	162.6	185.4	204.8	222.8	238.6	262.1	282.3	298.4	319.1	336.5	360.5	390.0	415.6	449.5	482.8	507.5	497.0	490.0	500.9	515.7	535.8
Proprietors' income with
inventory valuation and capital
consumption adjustments.....................................................	51.8	51.9	54.4	56.5	57.8	60.6	65.2	69.6	71.1	75.4	78.9	79.8	86.1	97.7	115.2	115.5	121.6	134.3	148.3	170.1	183.7	177.6	186.2	179.9	195.5	247.5	267.0	278.6	303.9	338.8	361.8	381.0	384.2	434.3	461.8	476.6	497.7	544.7	578.6	606.1	658.5
Farm...........................................................................................	10.9	11.4	12.1	12.1	11.9	10.8	13.1	14.1	12.8	12.8	14.2	14.3	14.9	18.8	30.7	25.2	23.5	18.7	17.5	21.5	23.7	13.1	20.3	14.4	7.2	21.6	21.5	23.0	29.0	26.0	32.2	31.1	26.4	32.7	30.1	31.9	22.2	34.3	29.5	25.1	31.3
Nonfarm......................................................................................	40.9	40.4	42.3	44.4	45.8	49.9	52.2	55.5	58.4	62.6	64.7	65.5	71.2	78.9	84.5	90.3	98.1	115.6	130.8	148.5	160.0	164.5	165.9	165.4	188.3	225.9	245.5	255.6	274.8	312.7	329.6	349.9	357.8	401.7	431.7	444.6	475.5	510.5	549.1	581.0	627.3
Rental income of persons with
capital consumption adjustment...............................................	15.2	16.2	16.9	17.8	18.5	18.6	19.2	19.9	20.4	20.2	20.3	20.3	21.2	21.6	23.1	23.0	22.0	21.5	20.4	22.4	24.5	31.3	39.6	39.6	36.9	39.5	39.1	32.2	35.8	44.1	40.5	49.1	56.4	63.3	90.9	110.3	117.9	129.7	130.2	137.4	145.9
Personal dividend income.......................................................	12.6	13.4	13.9	15.0	16.2	18.2	20.2	20.7	21.5	23.5	24.2	24.3	25.0	26.8	29.9	33.2	32.9	39.0	44.7	50.7	57.4	64.0	73.6	76.1	83.5	90.8	97.5	106.1	112.1	129.4	154.8	165.4	178.3	185.3	203.0	234.7	254.0	297.4	333.4	348.3	364.3
Personal interest income............................................................	23.0	25.6	27.3	30.2	33.0	36.9	40.8	45.3	49.4	54.1	62.3	71.5	77.5	84.2	97.6	116.1	128.0	140.5	161.9	191.3	233.5	286.4	352.7	401.6	431.6	505.3	546.4	579.2	609.7	650.5	736.5	772.4	771.8	750.1	725.5	742.4	792.5	810.6	854.9	897.8	931.3
Transfer payments to persons.....................................................	24.2	25.7	29.5	30.3	32.0	33.2	35.9	39.6	47.6	55.6	61.6	74.3	88.2	98.0	111.9	132.3	167.5	182.3	194.6	209.3	234.2	279.0	317.2	354.2	382.2	393.4	420.9	449.0	468.6	496.9	540.4	594.4	669.9	751.7	798.6	833.9	885.9	928.8	962.4	983.6	1,018.2
Old-age, survivors, disability,
and health insurance benefits..............................................	10.2	11.1	12.6	14.3	15.2	16.0	18.1	20.8	25.5	30.2	32.9	38.5	44.5	49.6	60.4	70.1	81.4	92.9	104.9	116.2	131.8	154.2	182.0	204.5	221.7	235.7	253.4	269.2	282.9	300.5	325.2	352.1	382.4	414.0	444.4	473.0	508.0	537.6	565.8	578.1	596.4
Government unemployment
insurance benefits..................................................................	2.8	3.0	4.3	3.1	3.0	2.7	2.3	1.9	2.2	2.1	2.2	4.0	5.8	5.7	4.4	6.8	17.6	15.8	12.7	9.7	9.8	16.1	15.9	25.2	26.3	15.9	15.7	16.3	14.5	13.2	14.3	18.0	26.6	38.9	34.1	23.6	21.5	22.1	20.0	19.8	20.3
Veterans benefits......................................................................	4.6	4.6	5.0	4.7	4.8	4.7	4.9	4.9	5.6	5.9	6.7	7.7	8.8	9.7	10.4	11.8	14.5	14.4	13.8	13.9	14.4	15.0	16.1	16.4	16.6	16.4	16.7	16.7	16.6	16.9	17.3	17.8	18.3	19.3	20.1	20.1	20.9	21.7	22.5	23.3	24.3
Other transfer payments..........................................................	6.7	7.0	7.6	8.3	8.9	9.7	10.6	12.1	14.4	17.3	19.7	24.2	29.2	33.0	36.7	43.6	54.0	59.3	63.2	69.5	78.2	93.8	103.3	108.1	117.7	125.5	135.1	146.8	154.6	166.4	183.6	206.5	242.6	279.5	300.0	317.1	335.6	347.4	354.1	362.3	377.2
Family assistance ¹.......................................	0.9	1.0	1.1	1.3	1.4	1.5	1.7	1.9	2.3	2.8	3.5	4.8	6.2	6.9	7.2	8.0	9.3	10.1	10.6	10.8	11.1	12.5	13.1	12.9	13.8	14.5	15.2	16.1	16.4	16.9	17.5	19.2	21.1	22.2	22.8	23.2	22.6	20.3	17.6	17.1	15.9
Other........................................................................................	5.7	6.1	6.5	7.0	7.6	8.2	9.0	10.2	12.1	14.5	16.2	19.4	23.0	26.1	29.5	35.6	44.7	49.2	52.5	58.7	67.1	81.3	90.2	95.2	103.8	111.0	119.9	130.6	138.2	149.5	166.1	187.3	221.5	257.3	277.2	294.0	313.0	327.1	336.5	345.2	361.3
Less: Personal contributions for
social insurance....................................................	6.0	7.2	7.4	7.9	9.3	9.8	10.3	14.5	16.8	18.7	21.4	22.5	24.7	28.0	35.7	40.5	42.6	46.9	52.0	59.7	70.2	77.2	92.1	99.1	106.1	118.4	133.6	145.6	156.8	176.8	191.6	203.7	215.1	226.6	237.8	254.1	268.8	280.4	298.1	315.9	334.6
Less: Personal tax and nontax
payments.....................................................................................	42.8	46.6	47.9	52.3	55.3	52.8	58.4	67.3	74.2	88.3	105.9	104.6	103.4	125.6	134.5	153.3	150.3	175.5	201.2	233.5	273.3	304.2	351.5	361.6	360.9	387.2	428.5	449.9	503.0	519.7	583.5	609.6	610.5	635.8	674.6	722.6	778.3	869.7	968.3	1,072.6	1,152.1
Equals: Disposable personal income.........................................	351.2	366.2	382.4	405.6	425.8	463.0	498.9	539.1	576.2	626.2	675.0	736.5	801.7	868.6	979.0	1,072.3	1,181.4	1,299.9	1,436.0	1,614.8	1,808.2	2,019.8	2,247.9	2,406.8	2,586.0	2,887.6	3,086.5	3,262.5	3,459.5	3,752.4	4,016.3	4,293.6	4,474.8	4,754.6	4,935.3	5165.4	5422.6	5677.7	5982.8	6,286.2	6639.7
Less: Personal outlays.....................................................................	324.7	339.8	350.5	372.2	392.7	422.4	456.2	494.6	522.3	573.6	622.3	667.0	721.6	791.7	876.5	957.9	1,056.2	1,177.8	1,310.4	1,469.4	1,642.4	1,814.1	2,004.2	2,144.6	2,358.2	2,581.1	2,803.9	2,994.7	3,206.7	3,460.1	3,714.4	3,959.3	4,103.2	4,340.9	4,584.5	4,849.9	5,120.2	5,405.6	5,711.7	6,056.6	6,483.3
Personal consumption expenditures...................................................	318.1	332.3	342.7	363.8	383.1	411.7	444.3	481.8	508.7	558.7	605.5	648.9	702.4	770.7	852.5	932.4	1,030.3	1,149.8	1,278.4	1,430.4	1,596.3	1,762.9	1,944.2	2,079.3	2,286.4	2,498.4	2,712.6	2,895.2	3,105.3	3,356.6	3,596.7	3,831.5	3,971.2	4,209.7	4,454.7	4,716.4	4,969.0	5,237.5	5,524.4	5,848.6	6,257.3
Interest paid by persons..............................................................	6.1	7.0	7.3	7.8	8.9	10.0	11.1	12.0	12.5	13.8	15.7	16.8	17.8	19.6	22.4	24.2	24.5	26.6	30.7	37.5	44.5	49.4	54.6	58.8	65.0	75.0	83.2	90.6	91.5	92.9	106.4	115.8	118.9	118.7	115.4	117.9	134.7	149.9	166.7	185.7	201.7
Personal transfer payments to the
rest of the world (net)....................................................................	0.5	0.5	0.5	0.5	0.7	0.7	0.8	0.8	1.0	1.0	1.1	1.3	1.3	1.4	1.5	1.3	1.3	1.3	1.3	1.5	1.6	1.8	5.5	6.5	6.8	7.7	8.1	9.0	9.9	10.6	11.4	12.0	13.0	12.5	14.4	15.6	16.5	18.2	20.6	22.3	24.3
Equals: Personal saving...............................................................	26.5	26.4	31.9	33.5	33.1	40.5	42.7	44.5	54.0	52.7	52.6	69.5	80.1	76.9	102.5	114.3	125.2	122.1	125.6	145.4	165.8	205.6	243.7	262.2	227.8	306.5	282.6	267.8	252.8	292.3	301.8	334.3	371.7	413.7	350.8	315.5	302.4	272.1	271.1	229.7	156.3
Addenda:
Disposable personal income:
Total, billions of chained
(1996) dollars^href="#1">¹\................................................................................	1,623.8	1,664.8	1,720.0	1,803.5	1,871.5	2,006.9	2,131.0	2,244.6	2,340.5	2,448.2	2,524.3	2,630.0	2,745.3	2,874.3	3,072.3	3,051.9	3,108.5	3,243.5	3,360.7	3,527.5	3,628.6	3,658.0	3,741.1	3,791.7	3,906.9	4,207.6	4,347.8	4,486.6	4,582.5	4,784.1	4,906.5	5,014.2	5,033.0	5,189.3	5,261.3	5,397.2	5,539.1	5,677.7	5,866.7	6,107.1	6,349.4
Per capita (dollars):
Current dollars..........................................................................	1,983	2,026	2,081	2,174	2,249	2,412	2,567	2,742	2,899	3,119	3,329	3,591	3,860	4,138	4,619	5,013	5,470	5,960	6,519	7,253	8,033	8,869	9,773	10,364	11,036	12,215	12,941	13,555	14,246	15,312	16,235	17,176	17,710	18,616	19,121	19,820	20,613	21,385	22,320	23,231	24,307
Chained (1996) dollars..........................................................	9,167	9,210	9,361	9,666	9,886	10,456	10,965	11,417	11,776	12,196	12,451	12,823	13,218	13,692	14,496	14,268	14,393	14,873	15,256	15,845	16,120	16,063	16,265	16,328	16,673	17,799	18,229	18,641	18,870	19,522	19,833	20,058	19,919	20,318	20,384	20,709	21,055	21,385	21,887	22,569	23,244
Population (mid-period,
1,000)......................................................................................	177.1	180.8	183.7	186.6	189.3	191.9	194.3	196.6	198.8	200.7	202.7	205.1	207.7	209.9	211.9	213.9	216.0	218.1	220.3	222.6	225.1	227.7	230.0	232.2	234.3	236.4	238.5	240.7	242.8	245.1	247.4	250.0	252.7	255.4	258.1	260.6	263.1	265.5	268.0	270.6	273.2
Personal saving as percentage of
disposable personal income.......................................................	7.6	7.2	8.3	8.3	7.8	8.8	8.6	8.3	9.4	8.4	7.8	9.4	10.0	8.9	10.5	10.7	10.6	9.4	8.7	9.0	9.2	10.2	10.8	10.9	8.8	10.6	9.2	8.2	7.3	7.8	7.5	7.8	8.3	8.7	7.1	6.1	5.6	4.8	4.5	3.7	2.4

1 Comprises agriculture, forestry, fishing, mining, construction, and manufacturing.
2 Comprises transportation, communication, public utilities, and trade.
3 Comprises finance, insurance, real estate, services, and rest of world.
4 With capital consumption and inventory valuation adjustments.
5 With capital consumption adjustment.

Source: U.S. Bureau of Economic Analysis, National Income and Product National Income and Product Accounts of the United States, 1929-97, vol. 1, forthcoming; and Survey of Current Business, May 2000.

http://www.bea.doc.gov/bea/dn1.htm

* TERMS

Personal income and outlay account

Personal income is the sum of wage and salary disbursements, other labor income, proprietors' income with inventory valuation and capital consumption adjustments, rental income of persons with capital consumption adjustment, personal dividend income, personal interest income, and transfer payments to persons, less personal contributions for social insurance.

Wage and salary accruals consists of the monetary remuneration of employees, including the compensation of corporate officers; commissions, tips, and bonuses; voluntary employee contributions to certain deferred compensation plans, such as 401(k) plans; and receipts in kind that represent income. Wage and salary accruals consists of disbursements and wage accruals less disbursements. Disbursements is wages and salaries as just defined except that retroactive wage payments are recorded when paid rather than when earned. Accruals less disbursements is the difference between wages earned, or accrued, and wages paid, or disbursed. In the NIPA's, wages accrued is the appropriate measure for national income, and wages disbursed is the appropriate measure for personal income.

Other labor income consists of employer payments (including payments in kind) to private pension and profit-sharing plans, private group health and life insurance plans, privately administered workers' compensation plans, supplemental unemployment benefit plans, corporate directors' fees, and several minor categories of employee compensation, including judicial fees to jurors and witnesses, compensation of prison inmates, and marriage fees to justices of the peace.

Proprietors' income with inventory valuation and capital consumption adjustments is the current-production income (including income in kind) of sole proprietorships and partnerships and of tax-exempt cooperatives. The imputed net rental income of owner-occupants of farm dwellings is included; the imputed net rental income of owner-occupants of nonfarm dwellings is included in rental income of persons (described below). Proprietors' income excludes dividends and monetary interest received by nonfinancial business and rental incomes received by persons not primarily engaged in the real estate business; these incomes are included in dividends, net interest, and rental income of persons.

Rental income of persons with capital consumption adjustment is the net current-production income of persons from the rental of real property except for the income of persons primarily engaged in the real estate business; the imputed net rental income of owner-occupants of nonfarm dwellings; and the royalties received by persons from patents, copyrights, and rights to natural resources.

Personal dividend income is the dividend income of persons from all sources. It equals net dividends paid by corporations less dividends received by government. Dividends received by government consists of dividends received by State and local governments, primarily by their retirement systems.

Personal interest income is the interest income (monetary and imputed) of persons from all sources. It equals net interest plus net interest paid by government plus interest paid by persons. The last item consists of all interest paid by individuals except mortgage interest, which is reflected in net rental income of persons.

Transfer payments to persons is income payments to persons for which no current services are performed. It consists of business transfer payments to persons and government transfer payments. Government transfer payments includes benefits from the following social insurance funds: Old-age, survivors, and disability insurance (social security); hospital insurance; supplementary medical insurance; unemployment insurance; government employee retirement; railroad retirement; pension benefit guaranty; veterans life insurance; workers' compensation; military medical insurance; and temporary disability insurance. Government transfer payments also includes benefits from certain other programs: Veterans benefits other than life insurance, food stamps, black lung, supplemental security income, public assistance (including medical care and family assistance), and educational assistance. Government payments to nonprofit institutions excluding payments for work under research and development contracts are also included.

Personal contributions for social insurance includes payments by employees, self-employed, and other individuals who participate in the following government programs: Old-age, survivors, and disability insurance (social security); hospital insurance; supplementary medical insurance; unemployment insurance; government employee retirement; railroad retirement; veterans life insurance; and temporary disability insurance.

Personal tax and nontax payments is tax payments (net of refunds) by U.S. residents that are not chargeable to business expense and certain other personal payments to government agencies (except government enterprises) that are treated like taxes. Personal taxes includes taxes on income, including realized net capital gains; on transfers of estates and gifts; and on personal property. Nontaxes includes donations and fees, fines, and forfeitures. Personal contributions for social insurance is not included. Taxes paid by U.S. residents to foreign governments and taxes paid by foreigners to the U.S. Government are both included in transfer payments.

Personal outlays is the sum of personal consumption expenditures, interest paid by persons, and personal transfer payments to the rest of the world (net). The last item is personal remittances in cash and in kind to the rest of the world less such remittances from the rest of the world.

Personal saving is personal income less the sum of personal outlays and personal tax and nontax payments. It is the current saving of individuals (including proprietors and partnerships), nonprofit institutions that primarily serve individuals, life insurance carriers, private noninsured welfare funds, and private trust funds. Personal saving may also be viewed as the sum of the net acquisition of financial assets (such as cash and deposits, securities, and the change in the net equity of individuals in life insurance and in private noninsured pension plans) and the change in physical assets less the sum of net borrowing and of consumption of fixed capital.

*

http://www.allcountries.org/uscensus/724_personal_income_and_its_disposition.html

These tables are based on figures supplied by the United States Census Bureau, U.S. Department of Commerce and are subject to revision by the Census Bureau.

Copyright © 2006 Photius Coutsoukis and Information Technology Associates, all rights reserved.