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Americans spend more as income remains flat amid low savers
U S economic data show spending rose 0.6 percent in September while income grew just 0.1 percent. Fed policy sustains ultra low rates since 2008, reducing returns on savings and bonds, pressuring savers and fixed incomes while encouraging borrowing and spending.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Marshal Cohen
NPD Group
Bankrate.com
Paul Ashworth
Capital Economics
Ashworth
Elizabeth Smith
University of Arkansas
Smith
Eric Green
U.S
TD Securities