Incomes fall for first time in almost two years

Marketwatch ^ | 9.30.11 | Greg Robb

[Free Vulcan]

Income fell a seasonally adjusted 0.1% in August, which was the first decline since October 2009...

Consumer spending increased a seasonally adjusted 0.2% in August, down from a revised 0.7% gain in July...Economists surveyed by MarketWatch expected a flat reading in income and a 0.1% gain in spending...

The core personal consumption expenditure price index was up 0.1% in August, below economist expectations of a 0.2% gain

[Free Vulcan]

Pretty sad report.

[shankbear]

Ruh roh. . . .

[relictele]

I want to be an economist. It apparently involves lots of games of darts.

[Buckeye McFrog]

hard to square this with the “rising consumer sentiment” threads above

[chris_bdba]

So now asking the simple question Reagan did in 1980 should be repeated this time around....are you better off now than you were 4 years ago....?

[algernonpj]

Pretty sad report.

It took us a good while to get here, but we're in a pretty sad state.