Personal income

This file represents Table 4. Personal income, 1986, 1996, 2006, and projected 2016, in "The U.S. Economy to 2016: slower growth as boomers begin to retire," published in the November 2007 Monthly Labor Review.

Table 4. Personal income, 1986, 1996, 2006, and projected 2016
Category Billions of current dollars Percent distribution Average annual rate of change
1986 1996 2006 2016 1986 1996 2006 2016 1986-96 1996-2006 2006-16
 
Sources

Personal income

$3,722.4 $6,520.6 $10,983.4 $19,370.3 100.0 100.0 100.0 100.0 5.8 5.4 5.8

Compensation of employees

2,570.1 4,386.9 7,440.8 13,239.2 69.0 67.3 67.7 68.3 5.5 5.4 5.9

Wage & salary disbursements

2,114.8 3,619.6 6,018.2 10,688.0 56.8 55.5 54.8 55.2 5.5 5.2 5.9

Supplements to wages & salary

455.3 767.3 1,422.6 2,551.4 12.2 11.8 13.0 13.2 5.4 6.4 6.0

Proprietors' income

275.7 543.2 1,006.7 1,765.4 7.4 8.3 9.2 9.1 7.0 6.4 5.8

Rental income

33.5 131.5 54.5 148.0 0.9 2.0 0.5 0.8 14.6 -8.4 10.5

Personal income on assets

695.5 1,089.2 1,796.5 2,844.7 18.7 16.7 16.4 14.7 4.6 5.1 4.7

Personal interest income

589.5 793.0 1,100.2 1,892.6 15.8 12.2 10.0 9.8 3.0 3.3 5.6

Personal dividend income

106.0 296.2 696.2 952.1 2.8 4.5 6.3 4.9 10.8 8.9 3.2

Personal transfer receipts

451.0 925.0 1,612.5 3,046.4 12.1 14.2 14.7 15.7 7.4 5.7 6.6

Federal social benefits

343.6 677.9 1,184.6 2,273.9 9.2 10.4 10.8 11.7 7.0 5.7 6.7

State & local social benefits

84.3 224.2 400.8 714.1 2.3 3.4 3.6 3.7 10.3 6.0 5.9

Other, from business (net)

22.9 22.9 27.2 58.4 0.6 0.4 0.2 0.3 -0.0 1.7 8.0

Less: Social insurance contribution

303.4 555.2 927.6 1,673.4 8.2 8.5 8.4 8.6 6.2 5.3 6.1
Use

Personal income

3,722.4 6,520.6 10,983.4 19,370.3 100.0 100.0 100.0 100.0 5.8 5.4 5.8

Personal consumption

2,899.7 5,256.8 9,224.5 15,881.1 77.9 80.6 84.0 82.0 6.1 5.8 5.6

Personal taxes

437.3 832.1 1,354.3 2,663.6 11.7 12.8 12.3 13.8 6.6 5.0 7.0

Personal interest payments

96.1 150.3 238.0 377.7 2.6 2.3 2.2 2.0 4.6 4.7 4.7

Personal transfer payments

20.9 52.9 127.8 191.3 0.6 0.8 1.2 1.0 9.7 9.2 4.1

To government:

12.0 34.9 78.9 117.8 0.3 0.5 0.7 0.6 11.3 8.5 4.1

Federal

1.3 7.2 15.2 23.4 0.0 0.1 0.1 0.1 18.4 7.8 4.4

State & local

10.6 27.8 63.8 94.5 0.3 0.4 0.6 0.5 10.1 8.7 4.0

To the rest of the world (net)

9.0 18.0 48.9 73.5 0.2 0.3 0.4 0.4 7.2 10.5 4.2

Personal savings

268.4 228.4 38.8 256.7 7.2 3.5 0.4 1.3 -1.6 -16.2 20.8
Addenda

Disposable personal income

3,285.1 5,688.5 9,629.1 16,706.7 5.6 5.4 5.7

Disposable personal income, chained 2000 dollars

4,791.0 6,080.9 8,396.9 11,275.5 2.4 3.3 3.0

Per capita disposable income

13,665 21,083 32,049 51,091 4.4 4.3 4.8

Per capita disposable income, chained 2000 dollars

19,929 22,538 27,948 34,482 1.2 2.2 2.1

Savings rate (percent)

8.2 4.0 0.4 1.5

Note: Dash indicates data not available.
SOURCE: Historical data, Bureau of Economic Analysis; projected data, Bureau of Labor Statistics.

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Last Modified Date: December 27, 2007