Author: Amanda Glodowski

Income and Spending Strong Leading Up to Coronavirus Outbreak

Spending rose in February, another sign that the U.S. had a solid economic foundation before coronavirus ripped through the nation. The numbers closely mirrored the January report closely, with consumer spending increasing a modest 0.2% for the second month in a row, while income also surged a consecutive 0.6%. The […]

Income and Spending Both Increase Ahead of Coronavirus

Incomes surged in January, a sign of momentum before Coronavirus shook the global economy.   Personal income jumped 0.6% from last month, edging out expectations, and was the largest gain in 11 months. Spending grew less, by a seasonally adjusted 0.2%, slightly undercutting forecasts, while the personal savings rate rose […]