Galen Eckenroth has what he knows is an uncommon pastime for someone his age: He’s looking to invest in real estate. Yet no matter how much he looked last year, the 26-year-old from San Diego just wasn’t able to buy. He says that in a city where buyers were willing […]
MARCH 30, 2012 By Natalia V. Osipova Two months of solid consumer spending shows the U.S. recovery is gathering momentum. But it’s not yet time to celebrate. The disposable income of Americans in real terms was shrinking over the same period. So was the personal saving rate. The burgeoning gap gives […]
MARCH 1, 2012 By Natalia V. Osipova Americans saw their income rise again in January, but spending remained flat for the third month in a row. The report on personal income and outlays, issued by the Bureau of Labor Statistics today, made for a grim reading. Personal income rose slower […]