U.S. Personal Income and Spending Both Increase by 0.7% in May

In May 2026, both personal income and personal consumption expenditures in the United States saw a 0.7% increase. This rise in income, totaling $181.6 billion, and a similar increase in spending, amounting to $156.1 billion, indicate continued consumer activity. These figures, released by the U.S. Bureau of Economic Analysis, provide insight into household financial health and spending patterns.