Americans Made and Spent More in November
By: Big 2 News Staff
Updated: December 24, 2012
The Commerce Department says Americans earned more, spent more, and saved more
in November.
A new report says personal income rose six-tenths of a percent and spending jumped 0.4%.
The Commerce Department adds, the savings rate nudged up to 3.6%, from October's 3.4%.
The encouraging news is partly due to Hurricane Sandy, which brought down income and spending levels in October.
Despite that, the numbers are even higher than economists had forecasted.
A new report says personal income rose six-tenths of a percent and spending jumped 0.4%.
The Commerce Department adds, the savings rate nudged up to 3.6%, from October's 3.4%.
The encouraging news is partly due to Hurricane Sandy, which brought down income and spending levels in October.
Despite that, the numbers are even higher than economists had forecasted.
