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Americans still spending on some luxury items

Americans still spending on some luxury items

Americans are still buying some luxury items, according to a recent survey from BIGinsight.com. While they’ve tightened their wallets on some splurges like maid service and high-end jewelry, they’re not giving up their electronics, on-demand television or Internet service. “Economic ups and downs have an irrefutable impact on Americans’ spending habits that extends well beyond… Continue Reading Americans still spending on some luxury items

Maybe it’s true that every little girl wants to be a princess — at least that’s what they’re choosing for their Halloween costumes. But, when they grow up, they’re choosing to be a witch. This Halloween, American trick-or-treaters, party-goers and pampered pets will dress up as pumpkins, princesses, witches and vampires. And, they will spend… Continue Reading Little princess is No. 1 for kids’ Halloween costumes

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Consumer spending and personal incomes weak

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The pace of consumer spending stalled in June and personal incomes failed to increase, further evidence that the economic recovery slowed in the spring. Personal spending was unchanged in June, the Commerce Department reported Tuesday. It was the third straight month of lackluster consumer demand. Incomes were also flat, the weakest showing in nine months.… Continue Reading Consumer spending and personal incomes weak

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Stock futures dipped this morning as investors paused after a big two-day rally to prepare for key reports on the jobs market and retail sales. High unemployment and slow growth in consumer spending have been the biggest impediments to a strong, sustained recovery. So Thursday’s weekly government report on initial jobless claims and retailers’ reports… Continue Reading Stock futures dip ahead of jobs, sales reports

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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… Continue Reading Consumer spending advances sharply but incomes lag

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WASHINGTON (AP) – The government says consumers increased spending for a second straight month in February even though their incomes slipped due to continuing massive layoffs.The Commerce Department reported Friday that consumer spending edged up 0.2 percent in February, in line with expectations. That follows a huge 1 percent jump in January that was even… Continue Reading Consumer spending increases for second straight month

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