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Personal Income and Outlays

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Definition of 'Personal Income and Outlays'

Personal Income is all the income that a household receives. This includes wages and salaries, fringe benefits, self-employment income, rental income, dividends and interest.

Personal Outlays are interest payments, and all payments for consumptive goods, both durable and non-durable, and services.

The Bureau of Economic Analysis at the United States Department of Commerce releases these figures during the last week of the month for data pertaining to the previous month.

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