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Consumer spending advances sharply but incomes lag (access required)

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Published: May 3,2010

Time posted: 8:02 am

Tags: consumer spending, economy survey, income lags

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Consumer spending rose in March by the largest amount in five months but the gains were financed out of savings, which fell to the lowest level in 18 months. A slight rise in incomes added to concerns that the recovery could weaken unless income growth increases more rapidly. The Commerce Department said consumer spending rose 0.6 ...





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