US Individual Earnings and Expenditures, October and November 2025

U.S. Personal Income and Spending Growth in October and November

According to the latest data from the U.S. Bureau of Economic Analysis, personal income rose by $30.6 billion, or 0.1 percent, in October. This was followed by a larger increase of $80.0 billion, or 0.3 percent, in November.

Disposable personal income—which is personal income after deducting current taxes—grew by $12.0 billion (0.1 percent) in October and then jumped by $63.7 billion (0.3 percent) in November.

Meanwhile, personal consumption expenditures climbed by $98.6 billion (0.5 percent) in October and continued to rise by $108.7 billion (0.5 percent) in November.

This report covers both October and November, as its release was delayed due to the recent government shutdown.