All Commentary
Friday, March 30, 2012

Consumer Spending Rises, But Income Hardly So

“U.S. consumers boosted their spending in February by the most in seven months. But Americans’ income barely grew and the saving rate fell to its lowest point in more than two years.” (Washington Post)

Does that mean more debt?

FEE Timely Classic
“Consumer Spending Doesn’t Drive the Economy” by Mark Skousen