SavingsRate

As Holiday Season Begins, a Mixed Bag of Economic News

The news from the Commerce Department's Bureau of Economic Analysis was mixed Wednesday. Consumer spending rose in October, but just barely. Incomes were up a bit, but savings did too. And employment figures were just conflicted.

Why Rising Consumer Spending Isn't Likely to Last

Retail sales appear to be on the upswing lately. But where are U.S. consumers getting the money from? Unfortunately, it seems to be coming from rising credit use and diminished saving. That's not exactly the formula for a consumer-led recovery.