median household income
U.S. consumers tightening belts in stagnant economyPosted by RJ and Makay on Oct 04, 2011 |
>> Read More RJ & Makay Blog Posts
U.S. consumer spending slowed in August as incomes decreased for the first time in almost two years, the Commerce Department reported last week. Purchases in August rose 0.2% after a 0.7% increase in July, while income decreased 0.1%. Take-home pay, adjusted for prices, fell 0.3%, the third decline in the past five months.
