Personal Income is in All-Time High

It’s official! The personal income in the United States is once again at its new all-time high at $12,897.3 billion. But more than that, the Personal Income Excluding Current Transfer Receipts is also up to $101.8 billion, the best gain since 2005.

It is obvious that Americans are now getting back to work, earning more money and having a better buying power. The personal income boost also suggests that the payroll growth in the last few months has been understated severely. If you’re still not convinced about this, check out the income tax withholding. It increases to 20.88% every year.

With the personal income likely to revise higher in the coming months, are you seeing the US economy in full recovery one of these days?

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