Americans are spending more and saving less

Americans are on a spending spree. And that’s not necessarily a good sign for the longer-term economy. The Department of Commerce late last week reported that personal income rose only 0.3 percent in November, while personal spending jumped by 0.6 percent. Both numbers were higher than expected. Not surprisingly, the personal savings rate in the...

from New York Post http://ift.tt/2C6MCmw