Consumers spend it all

From CBS MarketWatch: "Consumers spend it all: Savings rate falls to 0%; consumer spending up 0.8%. Excerpt: U.S. consumer spending grew 0.8% in June, offsetting a sizable 0.5% gain in incomes, the Commerce Department said Tuesday. The agency also reported…

From CBS MarketWatch: “Consumers spend it all: Savings rate falls to 0%; consumer spending up 0.8%. Excerpt:

U.S. consumer spending grew 0.8% in June, offsetting a sizable 0.5% gain in incomes, the Commerce Department said Tuesday. The agency also reported that the personal savings rate fell to 0%, the lowest since a consumer spending binge in October 2001 and the second-lowest since the Great Depression.

You can access the actual table showing the data here. Also, more information here.

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