Personal Consumption Expenditures as a Percent of Disposable Personal Income

Description: 

Total personal consumption expenditures, divided by total disposable personal income.

Methodological Notes: 

Disposable personal income is total income minus taxes. Personal consumption expenditures includes spending on durable goods (such as motor vehicles and furniture), nondurable goods (such as food, clothing, and gasoline), and services (such as health care and restaurants).