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Americans boost spending heading into holidays

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Americans spent at a moderate pace last month, giving the economy a boost ahead of the holidays. The Commerce Department reported Thursday that consumers increased their spending 0.4 percent in November. The gain came after shoppers ratcheted up spending by 0.7 percent in October, the most since August 2009. Even with the latest increases, consumers… Continue Reading Americans boost spending heading into holidays

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Retail sales rose in April for the seventh straight month, offering hope that consumer spending will keep supporting the economy in the months ahead. The Commerce Department said Friday that retail sales rose 0.4 percent last month, better than the 0.2 percent increase economists had expected. The gain was less than the the 2.1 percent… Continue Reading Consumer spending rises for 7th straight month

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Couples to spend less for Valentine’s Day

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Couples plan to spend less on each other this Valentine’s Day, but more on family, friends, co-workers and even their pets. The National Retail Federation’s annual Valentine Day’s report, said that couples will spend $63.34 on gifts for each other, compared to $67.22 last year; but will shell out a total of $103 on traditional… Continue Reading Couples to spend less for Valentine’s Day

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WASHINGTON (AP) – Households pushed their savings rate to the highest level in more than 15 years during May as a big boost in incomes from the government’s stimulus program was devoted more to bolstering nest eggs than increased spending. The Commerce Department said today that consumer spending rose 0.3 percent last month, in line with expectations. But… Continue Reading May incomes surge, but saving outpaces spending

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