Consumers · W875RX1
Real personal income excluding transfers
As of Aug 2026, the real personal income excluding transfers had risen 0.8% from a year earlier, compared with a 12-month change of 0.9% in Jul 2026. The latest value was $17.05T.
Source: U.S. Bureau of Economic Analysis via FRED®. Monthly data, seasonally adjusted. Latest observation Aug 2026; snapshot taken Oct 27, 2026, 2:15 AM EDT.
Latest (Aug 2026)
$17.05T
Change from Jul 2026
-0.1%
A year earlier
$16.91T
12-month change
+0.8%
$17.05T Aug 2026 · Billions of chained 2017 dollars
Billions of chained 2017 dollars. Data from Jan 1959 to Aug 2026 (812 observations).
What it measures
This is personal income minus government benefits such as Social Security and unemployment insurance, adjusted for inflation. It is one of the indicators used to date recessions.
- Official title
- Real personal income excluding current transfer receipts
- Units
- Billions of chained 2017 dollars
- Frequency and adjustment
- Monthly, seasonally adjusted
- Original source
- U.S. Bureau of Economic Analysis
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| Date | Value | Change | From a year ago |
|---|---|---|---|
| Aug 2026 | $17.05T | -0.1% | +0.8% |
| Jul 2026 | $17.06T | +0.2% | +0.9% |
| Jun 2026 | $17.02T | +0.3% | +1.1% |
| May 2026 | $16.98T | +0.3% | +0.7% |
| Apr 2026 | $16.93T | -0.4% | +0.2% |
| Mar 2026 | $17.01T | +0.2% | +0.8% |
| Feb 2026 | $16.98T | -0.1% | +1.3% |
| Jan 2026 | $17.00T | +0.3% | +1.3% |
| Dec 2025 | $16.94T | -0.1% | +1.1% |
| Nov 2025 | $16.96T | +0.2% | +1.4% |
| Oct 2025 | $16.92T | -0.0% | +1.5% |
| Sep 2025 | $16.92T | +0.1% | +1.7% |
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This page shows public economic data for general information. It is not financial advice and does not predict future values.
Sources
- U.S. Bureau of Economic Analysis, Real personal income excluding current transfer receipts [W875RX1], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/W875RX1, Oct 27, 2026.
- View W875RX1 on FRED® · U.S. Bureau of Economic Analysis
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