Incomes rise in December and consumer spending rises for third straight month

[usregimechange]

WASHINGTON - U.S. consumer spending rose slightly less than expected in December as households opted to save extra cash, lifting savings to a six-month high, a government report showed on Monday.

The Commerce Department said spending rose 0.2 percent after increasing by an upwardly revised 0.7 percent in November. Consumer spending in November was previously reported to have climbed 0.5 percent. It was the third straight monthly gain in spending.

Analysts polled by Reuters had expected consumer spending, which normally accounts for over two-thirds of U.S. economic activity, to rise 0.3 percent last month.

http://www.msnbc.msn.com/id/35180184/ns/business-stocks_and_economy/

[midnight]

1. Consumer spending-2/3 of economic activity? More reason to bail out mainstreet.

[Lost4words]

2. 3 tenths of 1 percent Whooa, were moving now!!

:eyes:

[dmallind]

3. Better than another reduction - for non-doomers that is. NT

[Lost4words]

4. still have a job dont you!?

why dont you run for office since things look so good to you. I have witnessed this long long downfall for 30 GD years. You are delusional!

And you dont even know it yet.

[fasttense]

5. Yeah, it's those who still have jobs that are cheerleading for the broken economy.

Funny how that works.

[Lost4words]

6. if you are not in the water, you are probably not worried about drowning.

that, IMO, is the quintessential American perspective.