June 30, 2017

...AND RICHER...:

U.S. consumer spending up just 0.1% despite income gain (Associated Press, 6/30/17)

Americans enjoyed a healthy increase in income in May, but didn't spend much of the gain.

The Commerce Department said Friday that personal income rose 0.4% in May, up from a 0.3% increase in April. But consumer spending rose just 0.1% after climbing 0.4% in both March and April.

Now move it from savings to investment.

Posted by at June 30, 2017 5:32 PM

  

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