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Home / Government / January spending increases but income growth slows (9:15 a.m. 3/1/10)

January spending increases but income growth slows (9:15 a.m. 3/1/10)

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Personal spending jumped by a larger amount than expected in January but Americans' incomes barely budged as millions of Social Security recipients did not get their usual cost of living boost. The weak income growth could depress spending in the months ahead, acting as a further drag on the ...

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