Americans' Spending Increases

According to the Bureau of Economic Analysis, Americans are spending more money again, a good sign for the economy. Durable goods purchases increased approximately 2% last month compared to July. Car sales also jumped, which is a positive sign as many people don’t make large purchases when they are not confident in their personal finances. Overall consumer spending jumped 0.5% last month, marking one of the highest gains seen this year. More here

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