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Consumer Spending

Consumer Spending. Key terms to know:. Personal Income- Salaries and wages as well as investment income and government payments to individuals Retail Sales- The sales of durable and nondurable goods bought by consumers. Retail Sales. The main items measured for

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Consumer Spending

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  1. Consumer Spending

  2. Key terms to know: • Personal Income- Salaries and wages as well as investment income and government payments to individuals • Retail Sales- The sales of durable and nondurable goods bought by consumers

  3. Retail Sales The main items measured for estimating retail sales include automobiles, building materials, furniture, gasoline, and clothing, as well as purchases from restaurants, department stores, food stores, and drug stores.

  4. Herald Tribunestates in the article “In U.S. retail sales, more signs of a slowdown” by Michael M. Grynbaum- “Retail sales reports released Thursday revealed a country that is rapidly ratcheting back its spending habits, and abandoning mid-tier and discount shopping mall mainstays that were booming a year ago….” “…Also depressing the markets was a U.S. government report that said the number of newly laid off people seeking jobless benefits increased by a seasonally adjusted 7,000 to 455,000 last week, the highest level since late March 2002.”

  5. “Personal Income in Largest Drop in 3 Years” NEW YORK (CNNMoney.com) – “Personal income fell in July by the biggest drop in 3 years after surging the prior two months because of $90 billion in economic stimulus payments…” “…Economists were expecting a decrease in income following the temporary boost provided by the stimulus checks.” From CNNmoney.com

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