US personal income increased 0.3% month-over-month to $26.512 trillion in December 2025, following a downwardly revised 0.4% gain in November and in line with market expectations. This was the seventh consecutive monthly increase, driven largely by a $38.4 billion rise in personal current transfer receipts. Within that category, other current transfer receipts grew by $23.0 billion, while government social benefits to persons rose by $15.4 billion.
Compensation also strengthened, advancing $31.0 billion overall. Private wages and salaries increased $19.0 billion, and government wages and salaries were up $5.3 billion. Disposable personal income climbed 0.3% in December, matching November’s pace. In real terms, however, disposable personal income was unchanged in December, following a 0.1% increase in the previous month.
