vs Last Month
+$80B
Steady monthly growth.
Total Household Earnings · Annualized
U.S. Personal Income
$24.80T
+$0.08Tvs. last month
Past 12 months$23.9T – $24.85T
vs Last Year+$0.85T
YoY (nominal)+3.5%
YoY (real)+0.4%
Personal income hit a fresh ATH at $24.80T annualized — up 3.5% YoY nominal, +0.4% real. Wage growth is positive but barely outpacing inflation.
Historical trend
Monthly · annualized $T.
Source: FRED · PI (BEA)
The long view: since 1959
From $0.43T to $24.80T — 57× growth in 67 years.
ATH $24.80T · May 2026
1959 baseline $0.43T
Today $24.80T
How today stacks up
vs Last Year
+$850B
+3.5% nominal · +0.4% real.
5-Year Average
$23.20T
Today is $1.6T above the 5-yr mean.
Avg / Household
~$185K
Annualized; includes all income types.
Use this number
Tools for personal finance.
About Personal Income
Personal Income is the total income received by U.S. residents from all sources, annualized — wages and salaries, business income, rental income, dividends and interest, government transfer payments (Social Security, unemployment, food stamps), and more. The Bureau of Economic Analysis publishes this in the monthly Personal Income and Outlays report. Today's $24.80T annualized means U.S. households are collectively earning about $2.07T per month or roughly $67B per day.
What's inside the number
About 60% is wages and salaries (the largest single component). Another 15-20% is government transfer payments — Social Security, Medicare, Medicaid, and SNAP combined. Investment income (dividends, interest, capital gains) is roughly 15%. The rest is small-business profits, rent, and a handful of smaller categories. Tracking the mix matters as much as the headline — heavy reliance on transfer payments is a recession signal.
Reading today's level
Personal income has grown from $0.43T in 1959 to $24.80T today — 57× over 67 years, of which roughly 8× came from real productivity growth and 7× came from inflation. The post-COVID stimulus surge pushed income to $24.10T briefly in March 2021 (one-time payments), then receded. Today's $24.80T is a fresh all-time high in nominal terms.
Related trackers
Other live numbers that move with — or against — this one.
Frequently asked
What this number means, and what it doesn't.
GDP measures economic output (production); personal income measures household receipts. Most income ultimately comes from production, but timing differs (dividends paid quarterly vs. earned over a year) and transfers add a wedge. The ratio of personal income to GDP is roughly 75-85%.
No — the headline is in nominal dollars. To see real growth, subtract CPI inflation. Today's +3.5% YoY nominal income growth = ~+0.4% real after 3.1% inflation. Real income growth has been mediocre for two years.
Personal income minus federal, state, and local taxes. DPI is what households actually have available to spend or save. It runs about 85% of headline personal income on average. Tracked separately as DSPI in FRED.
BEA releases the Personal Income and Outlays report on the last business day of each month at 8:30 AM ET. The data covers two months prior (April data published in late May, etc.). Includes personal income, personal consumption, and PCE inflation in one release.
Methodology
Source
Pulled from FRED · PI and cached on the EvvyTools server.
Update schedule
Refreshed automatically by our cron whenever the upstream source publishes a new value. Historical values are not revised after publication.
How we compute
Display value is the raw published number, unrounded. Comparison stats use the closest available reference date. We never edit the underlying data.