Income, Spending Slightly Better in July
Today, the Bureau of Economic Analysis reported that income, disposable personal income and spending improved a bit in July, after all three declined slightly in June. This month, spending up edged up $44.1 billion, or 0.4 percent, as Americans saved less. At The Atlantic, Daniel Indiviglio makes a handy chart:
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Essentially, though, all three numbers remain steady and poor, with improvements marginal since the beginning of the year. The recovery? You might have heard it has stalled out.
