SPY & Personal Income
Total income received by individuals from all sources, including wages, investments, and government transfers.
SPY Price
Personal Income
Year-over-Year Change
What It Measures
Personal Income measures the total pre-tax income received by individuals from all sources: - **Compensation**: Wages, salaries, and benefits - **Proprietors' Income**: Self-employment income from businesses and farms - **Rental Income**: Income from property rentals - **Interest and Dividends**: Investment income - **Transfer Payments**: Social Security, Medicare, unemployment insurance, stimulus payments The data is reported as a Seasonally Adjusted Annual Rate (SAAR) in billions of dollars.
Why It Matters
**Consumer Spending Foundation**: Income drives the ability to spend—personal income growth supports retail sales and GDP. **Inflation Signal**: Rapid income growth can fuel demand-pull inflation if it outpaces productivity. **Fed Consideration**: The Fed monitors income growth when assessing economic conditions and inflation pressures. **Savings Rate**: Combined with spending data, income reveals the personal savings rate. **Recession Indicator**: Declining personal income often accompanies economic downturns.
Key Levels
Data Sources
SPY: S&P 500 ETF daily OHLCV data (1993-02-02 to 2026-02-13)
Personal Income: PI - Personal Income from U.S. Bureau of Economic Analysis
Units: , ,