Similar Stories to Consumer Spending And Incomes Fall; Savings Rise on Bing News

WASHINGTON -- Consumer spending fell for a record sixth straight month in December as recession-battered households, worried about surging layoffs, boosted their savings rates to the highest level since May.

Topics:  washington    consumer   december   savings   consumer spending   
BING NEWS:
  • Americans are saving less and spending more. Could that raise the risk of recession?
    Consumer spending drives the U.S. economy. If Americans spend less as they rebuild their savings, it risks tipping the nation into a recession.
    03/1/2024 - 2:11 am | View Link
  • More

 

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