“Americans may be settling into spending less,” we are told. We spent about the same last month as we did during the two months prior, and this is supposed to reflect a new low-spending habit? What are they teaching in journalism school these days?
Americans spent about the same amount in October as in August and September, according to figures released Thursday by a key data service, and they may be settling into new low-spending habits.
Including everything from toys to food, but not cars or gasoline, U.S. retail sales rose slightly in October — 1.5 percent — from a year earlier even as consumers grappled with rising unemployment and tight credit.
Americans may be settling into spending less – Yahoo! News
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