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724. Personal Income and Its Disposition

[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) dollarshref="#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.

*



https://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.