Personal Income and Outlays – December 2025

“The best investment you can make is in your understanding of the market.” — Warren Buffett

As we’re still catching up with the lost data from the government shutdown, here’s the latest data from the U.S. Bureau of Economic Analysis; Personal income increased $86.2 billion (0.3% at a monthly rate) in December. Disposable personal income (DPI – personal income less personal current taxes) increased $75.7 billion (0.3%), and personal consumption expenditures (PCE) increased $91.0 billion (0.4%). In addition, personal saving was $830.8 billion in December, and the personal saving rate (personal saving as a percentage of disposable personal income) was 3.6%.