U.S. consumer spending, prices fall in June

In June, personal income increased a seasonally adjusted 0.1%, the smallest gain since last November, the Commerce Department said Tuesday.

Half the increase stemmed from higher government payments for social programs such as Medicaid and unemployment compensation. Wages and salaries actually fell.
. . .
As a result, the individual savings rate for June jumped to highest level of 2011 — 5.4% of disposable income, up from 5.0% in May.



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s