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January 30, 2006
U.S. Income, Consumption Grows
Both personal income and spending climbed in December, according to new U.S. Commerce Department figures.
Americans’ personal income increased by 0.4% last month, at the same rate its November growth. Personal consumption, meanwhile, rose by 0.9%, meaning that consumers are saving less.
Some economists predict that the spending surge will help boost the economy, and it's bright news for retailers as well.
Posted by Blacks on January 30, 2006 08:24 AM
