Rise in Income, Rise in Spending?
According to The Commerce Department, spending rose .2 percent in October which was better than the previous three months. Spending fell .2 percent in September and spending only rose .1 percent in August. Incomes in the United States rose .4 percent in October which has contributed to this rise in consumer spending. Do you think the increase in incomes will result in a record rise in spending for this holiday season? MariettaEcon
1 comment:
I'm sure there will be a rise in spending for the holiday season as there usually is, however how much of a rise remains to be seen. Besides the rise in income, one also has to consider other factors such as what the public expects their upcoming expenses to be (possible rise in prices of gas, etc.)
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