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Monday Morning News: Spending and Income Up

This article was written by in Economy. 2 comments.

Hurricane repairs and insurance payments lift both personal spending and income; prices in check. This sounds like temporary relief to me. In fact, it’s not all good news. The saving rate is still negative at -0.4 percent. So while the move was in a good direction, we’re still spending more than we’re saving.

I’ve tried that (back in my days of reckless abandonment — which were neither reckless nor abandoned). It doesn’t work.

Updated July 16, 2010 and originally published October 31, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 1 comment }

avatar John West

The feds are increasing rates, according to and AM station news I listen to in my area, this is a definate they said. That should slow the housing maket even further. On the good news side, although the last statement may be good news for some, incomes and jobs have been reported as increased. Unfortunately I fall into the -0.4 percent savings rate – it’s tuff. Especially with the gas prices what they are and winter coming (yes, the oil burner blues but there’ll be no switching to gas).