Increases in personal dividend income and salaries sent overall personal incomes rising by $67.1 billion or 0.4% in May according to figures released by the Commerce Department.
Disposable personal income (DPI) -- what's left after taxes are taken out -- jumped 0.5% or $71.7 billion.
Personal consumption expenditures (PCE), meanwhile, inched up 0.1% or $7.3 billion, due largely to spending for services -- specifically electricity and gas.
Personal saving came to $791.0 billion in last month, up $62.2 billion from April's revised total of $728.8 billion. That pushed the personal saving rate -- personal saving as a percentage of disposable personal income -- to 5.5% from 5.1% the month before.
The complete report is available on the Commerce Department website.
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