Consumer spending increases by 0.2% in September

Consumer spending increases by 0.2% in September

Consumer spending registered an increase of 0.2% in the United States, as per reports from the Commerce Department. Incomes also posted an increase of 0.3% across the country, and this in turn pushed up the savings rate to 8.3%. This level of the rate of savings that was witnessed in September has been the highest since the month of March.

Scott
Scott
Occam's Chainsaw
Occam's Chainsaw 5 months

Rising incomes?! My boss didn't get the memo.

Raymond M Hein Jr
Raymond M Hein Jr 5 months

incomes are falling not rising

Miles O'Brien
Miles O'Brien 5 months

Going further into debt is not a sign of economic wellness. It's a sign of denying reality. I've cut my spending way back. Do people not understand that their debt will have to be paid either by themselves at Insane interest or by the collapse of companies or the lenders. Warnings of recession at this time should mean an austerity mindset not piling on debt.

RJ of Cthulhu
RJ of Cthulhu 5 months

don't buy Harley's though

Top in Business
Get the App