According to last update published by the Bureau of economic analysis personal income as well has disposable personal income have gone up by 0.4% when compared to the previous month.
Personal income has steadily been increasing so far this year.
The last percentile change in the month of June is attributed by an increase of salaries and wages as well as personal dividend income which was 7.5% for the second quarter of 2018. Disposable personal income has also seen an increase of 4.5% for the second quarter of 2018 and an increase of $65.3 billion in June.
This all seems to be related to the betterment of the job market show by the report published by the Bureau in July. The report shows and increase in the workforce by 803,000 individuals or 0.5% and an increase in the employed population by 1.5% which translate to two million more people employed than in July 2017.
Personal income has gone up thanks to a job market where the employed population has increased and so has its wages and salaries. Additionally, there has been an increase in personal dividend income due the profits seen on the second quarter of 2016