Consumer spending, incomes fall (Reuters). Reuters - U.S. consumer spending dropped a larger-than-expected 0.5 percent in August, the biggest fall since November 2001, according to a government report on Friday that also showed a surprise decline in income that may have reflected Hurricane Katrina. [Yahoo! News: Top Stories]
This also should not come as a surprise. 500,000 people with no home, no income, no savings and no real prospects?
Welcome to the United States.
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