Personal Income And Spending Numbers Disappoint

Today, the Commerce Department released November's personal income and spending results. Oddly, most articles I've seen this morning are celebrating that last month's personal income growth was the biggest gain in six months. If you look a little deeper, however, the numbers aren't very impressive.

For starters, today's numbers didn't live up to expectations. According to the Wall Street Journal, although personal income grew by 0.4% in November (the biggest increase in six months), economists expected a 0.5% increase. The story is the same for spending. It increased by 0.5%, while economists predicted a 0.6% increase.

Read Full Article from Atlantic Online

- Posted: 2009-12-23 10:55:50

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