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Bureau of Economic Analysis: Personal Income and Outlays, May 2021

From the U.S. Department of Commerce, Bureau of Economic Analysis, released June 25, 2021...


Personal income decreased $414.3 billion, or 2.0 percent at a monthly rate, while consumer spending increased $2.9 billion, or less than 0.1 percent, in May. The decrease in personal income reflected declines in pandemic-related assistance programs.


The full text of the release on BEA's website can be found at:

www.bea.gov/news/2021/personal-income-and-outlays-may-2021


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