Tag Archives: income growth
Consumers spent modestly last month, a sign that the economic recovery is proceeding at a decent — but not spectacular — pace.
The Commerce Department reported Monday that consumers boosted their spending by 0.3 percent in February. That was a tad slower than the 0.4 percent increase registered in January and marked the smallest increase since September. Still, the increase in spending was considered a respectable showing, especially given the snowstorms that slammed the East Coast and kept some people away from the malls. . . . read more Read More