income growth

Consumer Spending Rose 0.3% in April Despite Weak Income Growth

Consumer spending edged up by a modest 0.3% in April but personal income growth was the slowest in five months, raising concerns about the ability of Americans to keep spending in the future.

What Obama Really Needs: Robust Income Growth

As much as the market and Corporate America may like what they heard in the president's speech Tuesday night, history shows Obama's reelection in 2012 remains pinned to boosting Americans' income growth to at least 3%. Problem is, right now it's running at just 1.4%.