American consumers increased their spending by 5.6 percent in June while personal income fell by 1.1 percent, giving a mixed picture of a U.S. economy struggling to sustain recovery momentum amid a surge of reported COVID-19 cases and lackluster jobs data. Consumer spending is a major driver of the U.S. economy, accounting for around 70 ...
Read moreConsumer Spending Rises As Incomes Fall, Giving Mixed Picture of Economic Recovery
source https://therayfield.com/consumer-spending-rises-as-incomes-fall-giving-mixed-picture-of-economic-recovery
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