March 1, 2013

THIS SOUNDS UNSUSTAINABLE: Consumer spending up, but income posts largest drop in 20 years. “With income dropping sharply and spending rising, the saving rate – the percentage of disposable income households are socking away – fell to 2.4 percent, the lowest level since November 2007. The rate had jumped to 6.4 percent in December. Savings were the smallest since December 2007.”

Comments are closed.
InstaPundit is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to