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Spread this message with Digg, Del.icio.us, Reddit, or Stumbleupon, and subscribe to the RSS Feed to track articles Inflation wipes out income gains in AprilE-mail - editor@economyincisis.org |
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Source Marketwatch: Inflation erased all the gains in disposable personal income in April, while U.S. consumer spending was flat after adjusting for higher prices, the Commerce Department estimated Friday. Nominal personal incomes, nominal consumer spending and consumer prices all increased 0.2% in April, the government said. The report suggests the economy weakened further in the second quarter of the year even as the first tax-rebate checks began arriving. Click here to contact your Representative in Congress. Spread this message with Digg, Del.icio.us, Reddit, or Stumbleupon, and subscribe to the RSS Feed to track articles
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