Higher Costs Spurred June’s Rise in Spending – NYTimes.com

Even though the broader economy may be scraping the bottom, American consumers are still struggling with falling wages and higher living expenses.

That was the picture painted Tuesday by the government’s monthly report on personal incomes and consumer spending. While consumers spent more in June, they did so because prices of food and energy were rising, and not because they were ready to spend freely again.

via Higher Costs Spurred June’s Rise in Spending – NYTimes.com.

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