Income declines for first time in two years in August

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Spending flattens.


Despite the high level of unemployment, wages have grown at a slow rate over the past two years — or at least they did.  The Bureau of Economic Analysis reported this morning that personal income dropped in August for the first time since October 2009 — and spending flattened to the rate of inflation: Personal [...]

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Ed Morrissey 01 Oct, 2011


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Source: http://hotair.com/archives/2011/09/30/income-declines-for-first-time-in-two-years-in-august/
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