Consumer Spending in U.S. Climbs as Incomes Decline

Let’s face it, the rumors of yet another economic recovery flies in the face of declining personal income.  You do not need to be an economist to understand that no lasting recovery can take place until America gets back to work and businesses who are posting strong profits are motivated to grow and hire.

Consumers are spending, but for how long?  Those in retail need to brace themselves for continued margin pressures as consumers will look for deals and value in the near term.

 

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Consumer Spending in U.S. Climbs Even as Taxes Hurt Incomes – Bloomberg.

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