Households are spending more and savings less, enjoying their summer and getting ready for school, as government data on personal income and spending released on Friday suggests. In short, households are getting back to normal. … READ MORE >
personal income
U.S. personal income and savings: Households are building impressive cash positions
Americans’ personal income increased by 0.6% in December, driving savings positions higher. The gains are creating the conditions for what we believe will be a consumer-led boom in the second half of the year. … READ MORE >