Americans May Be Settling into Spending Less

Americans may be settling into low-spending habits.A parade of earnings reports due Thursday will offer a more textured read on consumers' recent spending.

By: Associated Press | WSAV-TV
Published: November 12, 2009

» Comments | Post a Comment

NEW YORK (AP) - Americans may be settling into low-spending
habits.
They spent about the same amount in October as they did in
August and September. That's according to SpendingPulse, a service
of MasterCard Advisors.
U.S. retail sales rose 1.5 percent in October compared to a year
earlier. The sales include everything from toys to food, but
exclude cars and gasoline.
Compared with the month before, however, sales fell 2.3 percent
in October. That's the biggest month-to-month decline since
December 2008.
A parade of earnings reports due Thursday will offer a more
textured read on consumers' recent spending.