Consumer Spending Rose, Income Lagged Last Month
U.S. consumers boosted their spending in February by the most in seven months. But Americans’ income barely grew, and the saving rate fell to its lowest point in more than two years.
The Commerce Department said Friday that consumer spending rose 0.8 percent last month. However, income grew only 0.2 percent, matching January’s weak increase. And when taking inflation into account, income after taxes fell for a second straight month.
Consumers are spending more after the best three-month
The Commerce Department said Friday that consumer spending rose 0.8 percent last month. However, income grew only 0.2 percent, matching January’s weak increase. And when taking inflation into account, income after taxes fell for a second straight month.
Consumers are spending more after the best three-month
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