![]() NPR |
Consumer Spending in US Declines as Sandy Reduces Wages
Bloomberg Play. Consumer Spending Declines as Incomes Stagnate. Americans unexpectedly pared spending in October as superstorm Sandy depressed wages, showing the world's largest economy is cooling as lawmakers seek ways to avoid the so-called fiscal cliff. Consumer spending, income stall; Sandy a factor Sandy Takes Toll on Spending; No Growth in Income Consumer Spending Takes Unexpected Drop in October |