You are here
December consumer spending up 0.4% but savings drop to 10-year low
US consumer spending rose solidly in December as demand for goods and services increased, but the gain came at the expense of savings, which dropped to a 10-year low in a troubling sign for future consumption and economic growth.
The Commerce Department said on Monday
- CALL +65 6388 3838
- EMAIL firstname.lastname@example.org