Consumer Spending on the Rise Again

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stairs-906720_1280Consumer spending is on the rise again according to numbers from August.

U.S. consumer spending rose at a healthy rate in August, while income growth also increased briskly, though more slowly than the big jump in July.

The Commerce Department says consumer spending advanced 0.4 percent compared to July, when spending also increased by 0.4 percent. In both months, the spending increases were led by strong gains in spending on durable goods such as autos.

Find out more at CBS Money Watch.

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