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In July 2025, the United States observed a 0.4% increase in personal income, reaching $25.905 trillion. This follows a 0.3% rise in June and aligns with market expectations. The uptick marks the second consecutive monthly increase, driven largely by a 0.6% growth in employee compensation, composed of both wages (0.6%) and supplements (0.5%). Additionally, proprietors' income—adjusted for inventory valuation and capital consumption—saw a more pronounced increase of 0.7%, building on a modest 0.1% rise in June. In contrast, income from personal asset receipts experienced a slight growth of 0.1% in July, following stagnation the previous month. Concurrently, disposable personal income grew by 0.4%, up from a 0.3% increment in the preceding month, while real disposable personal income saw a modest 0.2% increase, after remaining unchanged in June.
