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Posts Tagged ‘income lags’

Consumer spending advances sharply but incomes lag (access required)

by admin Published: May 3,2010

Tags: consumer spending, economy survey, income lags

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 [...] [...]

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