Real Disposable Income YoY: the latest available reading.

0.45% -0.06 vs prior month July 2026 · updated monthly

Real disposable income is growing at just 0.45% year-over-year, near the lowest levels since the pandemic recovery began. After sliding into negative territory earlier this year, it's stabilizing but remains well below the 2-3% growth typical of recent years.

The trend since 2019.

The latest available read: Real Disposable Income YoY is at 0.45% as of July 2026. Source: FRED · DSPIC96.

Why it matters.

This directly affects your purchasing power and ability to save. When real disposable income stalls, it signals that wage gains aren't keeping pace with inflation, squeezing household budgets and likely dampening consumer spending.

Where it fits.

Real Disposable Income YoY feeds the Consumer view — one of the six areas behind the site's Macro IQ score.

Consumer Sentiment55.2 Retail Sales YoY5.01% Personal Savings Rate3.0%