U.S. consumer spending rose less than expected in January as households took advantage of the largest increase in incomes in more than 1-1/2 years to rebuild their savings, government data showed on Monday. Get the full story »
Inside these posts: Personal income
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U.S. household net worth rises in third quarter
U.S. household wealth rose by $1.2 trillion in the third quarter and household debt contracted at a slower rate than previously, according to Federal Reserve data on Thursday that showed slow repair to household finances in a weak recovery. Get the full story »
Americans boost spending as income grows
Americans earned more and spent more last month, a hopeful sign for the economy ahead of the holiday buying season.
The government says consumers boosted their spending 0.4 percent in October. People showed a slightly bigger appetite to spend because their incomes rose 0.5 percent, reflecting a slowly healing jobs market. Get the full story »
Americans’ wealth drops for 1st time since early ‘09
Americans’ wealth shrank in the spring for the first time since early 2009 as financial turmoil eroded stock portfolios.
The Federal Reserve says household net worth fell 2.7 percent — or $1.5 trillion — in the April-to-June quarter. The decline left Americans’ net worth at $53.5 trillion. Get the full story »
Consumer spending, incomes rise in May
U.S. consumer spending rose slightly more than expected in May even as savings touched their highest level in eight months, a government report showed on Monday. The Commerce Department said spending edged up 0.2 percent after being flat in April. Analysts polled by Reuters had expected consumer spending to rise 0.1 percent. Get the full story »
