Consumer Spending Down
Mar 2, 2015 13:01:26 #
Kate Davidson of the Wall Street Journal reports that:
U.S. consumer spending fell in January, a sign of caution among American households despite lower gasoline prices and steady hiring. Personal spending, which measures outlays for everything from washing machines to manicures, fell a seasonally adjusted 0.2% from the prior month, the Commerce Department said Monday. December spending was unchanged from the initially estimated 0.3% decline.
Cheaper gasoline figures in this but still in a truly robust recovery, would consumers be holding back?
Not when, as a recent Fox telephone survey showed:
... 65 percent in America see the nation as still in a recession.
And:
Only about half, 49 percent, say they are just able to pay most bills.
And:
...fully 18 percent are outright falling behind on debt.
U.S. consumer spending fell in January, a sign of caution among American households despite lower gasoline prices and steady hiring. Personal spending, which measures outlays for everything from washing machines to manicures, fell a seasonally adjusted 0.2% from the prior month, the Commerce Department said Monday. December spending was unchanged from the initially estimated 0.3% decline.
Cheaper gasoline figures in this but still in a truly robust recovery, would consumers be holding back?
Not when, as a recent Fox telephone survey showed:
... 65 percent in America see the nation as still in a recession.
And:
Only about half, 49 percent, say they are just able to pay most bills.
And:
...fully 18 percent are outright falling behind on debt.
Mar 3, 2015 16:29:52 #
JMHO wrote:
Kate Davidson of the Wall Street Journal reports t... (show quote)
You think the report for January was bad. Just wait until you see the report for February. Hopefully, we can get out in March and spend money.
Mar 3, 2015 16:56:54 #
grace scott wrote:
You think the report for January was bad. Just wait until you see the report for February. Hopefully, we can get out in March and spend money.
Hey! I'm doing my part! I'm building a huge shop building on my property, and buying a new tractor this month.
Mar 3, 2015 16:58:45 #
JMHO wrote:
Hey! I'm doing my part! I'm building a huge shop building on my property, and buying a new tractor this month.
You're doing your part and mine. Thanks.
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