SPY & Personal Income
Total income received by individuals from all sources before personal taxes.
SPY Price
Personal Income
Year-over-Year Change
What It Measures
Personal income measures the total income received by individuals from: - **Wages and salaries** (largest component) - **Supplements to wages** (employer contributions to pensions, insurance) - **Proprietors' income** (self-employment) - **Rental income** - **Personal interest and dividend income** - **Transfer payments** (Social Security, unemployment, etc.) Data is reported at a seasonally adjusted annual rate (SAAR).
Why It Matters
**Spending Capacity**: Income growth supports consumer spending, the largest GDP component. **Wage Trends**: The wage component shows labor market strength. **Savings Rate**: Reported alongside personal spending and savings rate. **Real Income**: Inflation-adjusted income shows actual purchasing power changes.
Data Sources
SPY: S&P 500 ETF daily OHLCV data (1993-02-02 to 2026-01-22)
Personal Income: PI - Personal Income from U.S. Bureau of Economic Analysis
Units: Billions of Dollars, Seasonally Adjusted Annual Rate, Monthly