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Incomes and Savings Rise Sharply in December Spending
Incomes and personal savings expanded sharply, signaling December retail gains and consumer confidence for January. In the first nine months, individual savings rose by 22.5 billion, with incomes at a seasonally adjusted annual rate of 502 billion, while tax cuts boosted take‑home pay and spending despite rising debt and stock shifts.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business News
NEW York (Ap
Securities and Exchange Commission
New York Stock Exchange
SEC