Reply #17: U.S. Nov. consumer spending up 0.3%, incomes up 0.3% -Savings Rate @ -0.2%

[UpInArms]

http://www.marketwatch.com/news/newsfinder/pulseone.asp?siteid=mktw&guid=%7B870059CB-EDC8-4079-88ED-51BA6792AE7D%7D&

WASHINGTON (MarketWatch) - U.S. consumer spending grew 0.3% in November, matching a 0.3% gain in incomes, the Commerce Department said Thursday. The personal savings rate remained steady at -0.2% from October. The October level was revised up from the initial estimate of -0.7%. Meanwhile, headline inflation fell by a record amount and core inflation measures rose slightly in the month. Core inflation is up 1.8% in the past 12 months, the smallest gain since March 2004. Economists were expecting incomes to rise 0.4% in November, with spending up 0.3%, according to a MarketWatch survey.

Still spending more than they have :(