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Consumers emerged from their winter hibernation with zeal in April as consumption gains hit a nearly seven-year high and provided a shot in the arm to economic growth in the second quarter.
In the first quarter, consumption growth was meager as Americans socked away their solid income gains. Some economists blamed unseasonably warm weather that curtailed heating demand and a pullback in auto sales.
But in April, households splurged across the board. Car buyers led a 2.2% surge in purchases of long-lasting durable goods. Demand for clothing, food and gasoline drove a 0.7% jump in nondurable goods spending. And services consumption rose a solid 0.4%.
With spending outpacing income growth, the savings rate fell from 5.9% to a still healthy 5.4%.
It is not Obama's great work that have people buying again. Just how long could they go without a new car or finally replacing appliances that need replacing. Blame Obama on the fact the people had to wait so long. Don't thank him!Consumer spending scores biggest jump in 7 years
Source: USA Today
Consumers emerged from their winter hibernation with zeal in April as consumption gains hit a nearly seven-year high and provided a shot in the arm to economic growth in the second quarter.
In the first quarter, consumption growth was meager as Americans socked away their solid income gains. Some economists blamed unseasonably warm weather that curtailed heating demand and a pullback in auto sales.
But in April, households splurged across the board. Car buyers led a 2.2% surge in purchases of long-lasting durable goods. Demand for clothing, food and gasoline drove a 0.7% jump in nondurable goods spending. And services consumption rose a solid 0.4%.
With spending outpacing income growth, the savings rate fell from 5.9% to a still healthy 5.4%.
Read more: Consumer spending scores biggest jump in 7 years
Great job Obama! Keep up the great work...
Consumer spending scores biggest jump in 7 years
Source: USA Today
Consumers emerged from their winter hibernation with zeal in April as consumption gains hit a nearly seven-year high and provided a shot in the arm to economic growth in the second quarter.
In the first quarter, consumption growth was meager as Americans socked away their solid income gains. Some economists blamed unseasonably warm weather that curtailed heating demand and a pullback in auto sales.
But in April, households splurged across the board. Car buyers led a 2.2% surge in purchases of long-lasting durable goods. Demand for clothing, food and gasoline drove a 0.7% jump in nondurable goods spending. And services consumption rose a solid 0.4%.
With spending outpacing income growth, the savings rate fell from 5.9% to a still healthy 5.4%.
Read more: Consumer spending scores biggest jump in 7 years
Great job Obama! Keep up the great work...
It dove when he began winning & now it's beginning to rise as his exit draws near.
Interesting
Consumer spending scores biggest jump in 7 years
Source: USA Today
Consumers emerged from their winter hibernation with zeal in April as consumption gains hit a nearly seven-year high and provided a shot in the arm to economic growth in the second quarter.
In the first quarter, consumption growth was meager as Americans socked away their solid income gains. Some economists blamed unseasonably warm weather that curtailed heating demand and a pullback in auto sales.
But in April, households splurged across the board. Car buyers led a 2.2% surge in purchases of long-lasting durable goods. Demand for clothing, food and gasoline drove a 0.7% jump in nondurable goods spending. And services consumption rose a solid 0.4%.
With spending outpacing income growth, the savings rate fell from 5.9% to a still healthy 5.4%.
Read more: Consumer spending scores biggest jump in 7 years
Great job Obama! Keep up the great work...
Consumer spending scores biggest jump in 7 years
Source: USA Today
Consumers emerged from their winter hibernation with zeal in April as consumption gains hit a nearly seven-year high and provided a shot in the arm to economic growth in the second quarter.
In the first quarter, consumption growth was meager as Americans socked away their solid income gains. Some economists blamed unseasonably warm weather that curtailed heating demand and a pullback in auto sales.
But in April, households splurged across the board. Car buyers led a 2.2% surge in purchases of long-lasting durable goods. Demand for clothing, food and gasoline drove a 0.7% jump in nondurable goods spending. And services consumption rose a solid 0.4%.
With spending outpacing income growth, the savings rate fell from 5.9% to a still healthy 5.4%.
Read more: Consumer spending scores biggest jump in 7 years
Great job Obama! Keep up the great work...
What did he do?
.
Consumer spending scores biggest jump in 7 years
Source: USA Today
Consumers emerged from their winter hibernation with zeal in April as consumption gains hit a nearly seven-year high and provided a shot in the arm to economic growth in the second quarter.
In the first quarter, consumption growth was meager as Americans socked away their solid income gains. Some economists blamed unseasonably warm weather that curtailed heating demand and a pullback in auto sales.
But in April, households splurged across the board. Car buyers led a 2.2% surge in purchases of long-lasting durable goods. Demand for clothing, food and gasoline drove a 0.7% jump in nondurable goods spending. And services consumption rose a solid 0.4%.
With spending outpacing income growth, the savings rate fell from 5.9% to a still healthy 5.4%.
Read more: Consumer spending scores biggest jump in 7 years
Great job Obama! Keep up the great work...
What did he do?
.
He's Obama...That's it.
Consumer spending scores biggest jump in 7 years
Source: USA Today
Consumers emerged from their winter hibernation with zeal in April as consumption gains hit a nearly seven-year high and provided a shot in the arm to economic growth in the second quarter.
In the first quarter, consumption growth was meager as Americans socked away their solid income gains. Some economists blamed unseasonably warm weather that curtailed heating demand and a pullback in auto sales.
But in April, households splurged across the board. Car buyers led a 2.2% surge in purchases of long-lasting durable goods. Demand for clothing, food and gasoline drove a 0.7% jump in nondurable goods spending. And services consumption rose a solid 0.4%.
With spending outpacing income growth, the savings rate fell from 5.9% to a still healthy 5.4%.
Read more: Consumer spending scores biggest jump in 7 years
Great job Obama! Keep up the great work...
It is not Obama's great work that have people buying again. Just how long could they go without a new car or finally replacing appliances that need replacing. Blame Obama on the fact the people had to wait so long. Don't thank him!Consumer spending scores biggest jump in 7 years
Source: USA Today
Consumers emerged from their winter hibernation with zeal in April as consumption gains hit a nearly seven-year high and provided a shot in the arm to economic growth in the second quarter.
In the first quarter, consumption growth was meager as Americans socked away their solid income gains. Some economists blamed unseasonably warm weather that curtailed heating demand and a pullback in auto sales.
But in April, households splurged across the board. Car buyers led a 2.2% surge in purchases of long-lasting durable goods. Demand for clothing, food and gasoline drove a 0.7% jump in nondurable goods spending. And services consumption rose a solid 0.4%.
With spending outpacing income growth, the savings rate fell from 5.9% to a still healthy 5.4%.
Read more: Consumer spending scores biggest jump in 7 years
Great job Obama! Keep up the great work...
Consumer spending scores biggest jump in 7 years
Source: USA Today
Consumers emerged from their winter hibernation with zeal in April as consumption gains hit a nearly seven-year high and provided a shot in the arm to economic growth in the second quarter.
In the first quarter, consumption growth was meager as Americans socked away their solid income gains. Some economists blamed unseasonably warm weather that curtailed heating demand and a pullback in auto sales.
But in April, households splurged across the board. Car buyers led a 2.2% surge in purchases of long-lasting durable goods. Demand for clothing, food and gasoline drove a 0.7% jump in nondurable goods spending. And services consumption rose a solid 0.4%.
With spending outpacing income growth, the savings rate fell from 5.9% to a still healthy 5.4%.
Read more: Consumer spending scores biggest jump in 7 years
Great job Obama! Keep up the great work...
What did he do?
.
Consumer spending scores biggest jump in 7 years
Source: USA Today
Consumers emerged from their winter hibernation with zeal in April as consumption gains hit a nearly seven-year high and provided a shot in the arm to economic growth in the second quarter.
In the first quarter, consumption growth was meager as Americans socked away their solid income gains. Some economists blamed unseasonably warm weather that curtailed heating demand and a pullback in auto sales.
But in April, households splurged across the board. Car buyers led a 2.2% surge in purchases of long-lasting durable goods. Demand for clothing, food and gasoline drove a 0.7% jump in nondurable goods spending. And services consumption rose a solid 0.4%.
With spending outpacing income growth, the savings rate fell from 5.9% to a still healthy 5.4%.
Read more: Consumer spending scores biggest jump in 7 years
Great job Obama! Keep up the great work...
What did he do?
.
What would you possibly say if the news were the opposite?
Here are several things to consider:
1. It took 7 years. Had McCain or Romney won, it would have happened in the first year of their presidency,
2. It's a pretty weak gain.
3. It proves that despite Obama's efforts, you cannot keep the American Capitalist Economy down for very long.
Thank you for admitting that you cons blame all the negative on Obama and don't give him credit for anything of the positive.It is not Obama's great work that have people buying again. Just how long could they go without a new car or finally replacing appliances that need replacing. Blame Obama on the fact the people had to wait so long. Don't thank him!Consumer spending scores biggest jump in 7 years
Source: USA Today
Consumers emerged from their winter hibernation with zeal in April as consumption gains hit a nearly seven-year high and provided a shot in the arm to economic growth in the second quarter.
In the first quarter, consumption growth was meager as Americans socked away their solid income gains. Some economists blamed unseasonably warm weather that curtailed heating demand and a pullback in auto sales.
But in April, households splurged across the board. Car buyers led a 2.2% surge in purchases of long-lasting durable goods. Demand for clothing, food and gasoline drove a 0.7% jump in nondurable goods spending. And services consumption rose a solid 0.4%.
With spending outpacing income growth, the savings rate fell from 5.9% to a still healthy 5.4%.
Read more: Consumer spending scores biggest jump in 7 years
Great job Obama! Keep up the great work...
A low bar is easy to get over...Consumer spending scores biggest jump in 7 years
Source: USA Today
Consumers emerged from their winter hibernation with zeal in April as consumption gains hit a nearly seven-year high and provided a shot in the arm to economic growth in the second quarter.
In the first quarter, consumption growth was meager as Americans socked away their solid income gains. Some economists blamed unseasonably warm weather that curtailed heating demand and a pullback in auto sales.
But in April, households splurged across the board. Car buyers led a 2.2% surge in purchases of long-lasting durable goods. Demand for clothing, food and gasoline drove a 0.7% jump in nondurable goods spending. And services consumption rose a solid 0.4%.
With spending outpacing income growth, the savings rate fell from 5.9% to a still healthy 5.4%.
Read more: Consumer spending scores biggest jump in 7 years
Great job Obama! Keep up the great work...
