U.S. Disposable Incomes Reaches All-Time High

The latest figures from the Bureau of Economic Analysis show disposable personal income in the U.S. reached an all-time high in April of 2018. U.S. disposable personal income averaged 5098.62 USD Billion from 1959 until 2018 and recorded a record low of 351.90 USD Billion in January of 1959. (See the chart below from TradingEconomics.com for more details.)

The University of Michigan tracks U.S. consumer confidence levels with its monthly Michigan Consumer Sentiment Index (MCSI). For the U.S., the MCSI was revised down to 98 in May of 2018 from a preliminary reading of 98.8 and below 98.8 in April. It is the lowest reading in four months as consumers anticipated smaller income gains and references to discounted prices for durables, vehicles, and homes fell to decade lows. Consumer Confidence averaged 86.31 Index Points from 1952 until 2018, reaching an all time high of 111.40 Index Points in January of 2000 and a record low of 51.70 Index Points in May of 1980.