Consumer Spending Persists Despite Slower Income Gains
Consumers continue to shoulder the expansion of the U.S. economy, even as late-year data reveal a more deliberate spending posture and a softer pace of overall growth. Income Growth Moderates as Spending Holds The Bureau of Economic Analysis data for December, released Friday (Feb. 20), showd personal income rising 0.3% month over month, while [...]The post Consumer Spending Persists Despite Slower Income Gains appeared first on PYMNTS.com.
