Saving less and buying more guns.
Worst income dip in 20 years doesn’t stop spending- Consumers keep at it despite ....
People are living like like there is no tomorrow.
I wish there wasn’t.
I will not fall for anything a department of this administration puts forth. I have specifics I have to shop for every week. IOW I’m out there, and I see what’s NOT happening, and what’s NOT happening is consumers are NOT out there blowing their dough.
Essentials are where the reluctant cash is going, rarely anything else.
“Consumer spending advanced a seasonally adjusted 0.2% last month, the Commerce Department said Friday. That matched the estimate of economists polled by MarketWatch.”
Wondering what economists MarketWatch polled. Obama Kenyanesian economists perhaps.
“And consumer spending rose just 0.2% with most of it going toward higher heating bills and filling up the gas tank.”
Yes, when food and fuel prices rise, consumers spend more money...
Umm yea spending is up. Gasoline around 3.90. I pack my own lunch. Lunch meat is out of sight. I like to shoot skeet, yea, that is now the sport of kings, and I reload. Needed tires..almost needed cpr. Funny I haven’t heard any inflation numbers lately.
Just today a co-worker said, “I’m gonna spend it while I have it.”
Those are her exact words.
If folks were still spending, we wouldn’t see all these businesses shutting down or having financial difficulty. I have to wonder who does the math for politicians? A Californian perhaps?
How much of the increased spending is due to high gas prices?
I'm assuming it's because conservatives are scared of what Obama is going to do next and are being very careful with their money. Meanwhile, the uninformed are probably spending more Federal and borrowed money than ever, so maybe that's what led to the overall increase.
Squeezing the last pennies out of their accounts so they can declare, “I’m busted flat”. Never before has the phrase had so much truth in it...
They are spending more because crap COSTS MORE!
Idiots.
Indicative of why the US has the lowest savings rate of any developed nation, but it also could indicate people want to spend the money they have before hyperinflation kicks in. Bernanke says that the supply of money is unlimited, which means he plans to run the printing presses at the Bureau of Engraving day and night, nonstop.
What is the typical lag between a change in income and a change in spending? December was a high income month because a lot of companies paid dividends early or paid bonuses to high-end employees to get them in before the 2013 tax increase. Then January jacked up taxes 2% of gross which would be 3-4% of the typical net income. If people are still spending their December income in January then I'm not surprised that spending hasn't dropped yet. Let's wait to see what February looks like.
Well, that explains our representative form of government.
so... biggest drop in post-tax income yet consumers continue spending? something doesn’t add up
was there an increase in the average credit card debt? if not, the consumer spending numbers are wrong
my guess is someone wants consumer spending to be up... and just adjusted the numbers to look better