Higher Costs Spur Rise in Spending

[Credit where due; from the NYT {even a blind squirrel...}]

The broader economy may be testing the bottom, but for American consumers, there appears to be no end yet in sight for falling wages and higher living expenses. That was the picture painted Tuesday by the government’s monthly report on personal incomes and consumer spending.

While consumers spent more in June, they did so because prices of food and energy were rising, and not because they were ready to spend freely again...

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