U.S. real income dipped in February, Ben Casselman reports

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Parshwa Turakhiya

09.04.2026

U.S. real income dipped in February, Ben Casselman reports — U.S. real income fell in February

U.S. real income, excluding transfer payments, declined by 0.4 percent in February, as reported by Ben Casselman. The three-month average of real income, also excluding transfer payments, remained negative for the period.

Casselman notes this metric, tracked by NBER, is a key factor in determining recessions in the U.S.

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Casselman has previously reported on disruptions affecting key economic indicators. He noted that the CPI legal services index stopped publishing consistently in early 2023. In a separate report, Casselman said a method change lowered January PCE inflation and prompted questions about data transparency.

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