Monday, May 01, 2006

Personal spending, inflation jump

Consumers in the United States have been spending more, 0.6 percent, but inflation is on the rise. Personal income also rose . So what does all of this mean? Well in my opinion it seems that as people get more money they are more inclined to spend it regardless of inflated prices (e.g. gasoline). I'm not sure how far this theory would go but in the short term it seems to be what has happened. I'm not sure if this is a sign of an economic rebound or not, but if personal consumer spending is up, there may be more of a demand for workers over the summer. So some of us might have a better chance at a summer job!

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