MORE BAD NEWS: Personal Spending Tanks In June


shopping store window

The numbers:

More bad news.

Personal spending goes negative in June to -0.2%

Analysts had expected a gain of 0.1%.

Income growth of just 0.1% is below expectations of 0.2% growth.

The signs of the new recession keep piling up.

 

Original: Next up on the data parade: June personal income and spending.

June by now seems like ages ago, but regardless, analysts are looking for income growth of 0.2% down from 0.3% last month.

Spending is expected to grow by 0.1%, up slightly from 0.0% the month before.

The number is out at 8:30.

Please follow Money Game on Twitter and Facebook.

Join the conversation about this story »

See Also:

Source: http://feedproxy.google.com/~r/businessinsider/~3/FRYilkdK7h8/june-personal-income-and-spending-2011-8

credit card debt law credit card debt services credit debt elimination credit debt solutions