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Spending and Income Increased

by Flexo on March 31, 2006

in Economy

It’s time for some numbers from the government. In February, consumer spending rose 0.1% and personal income grew 0.3%. Even though the income gain was higher than the spending gain as a percentage, we are on average spending more than we have available. Living above our means in the American way, and I don’t see that changing.

Here is the detailed analysis [pdf] from the Bureau of Economic Analysis. Take a look if you have nothing else to do this weekend.

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About the Author

Flexo, the owner and creator of Consumerism Commentary, has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow him on Twitter.

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