“Consumers will have to dig deeper into their pockets next year to pay for costlier health care, more expensive grocery bills and higher taxes, an extra drag on the country’s already slow-moving economy. The additional outlays look set to test the resilience of consumers, whose spending accounts for around two-thirds of the U.S. economy. The strength of consumer spending has surprised some economists, given unemployment near 8 percent and anemic wage growth. Consumer spending has cushioned the blow to the United States from slower foreign demand for its goods.”
http://www.cnbc.com/id/49552647
Related posts:
U.S. and Europe block ‘treaty for blind people’ due to copyright concerns
Australian Train Drivers, Paid Like U.S. Surgeons, Replaced With Robots
Iraq says 3,000 inmates freed amid demonstrations
In Oregon, The GMO Wheat Mystery Deepens
HSBC Judge Approves $1.9B Drug-Money Laundering Accord [2013]
Government Itself Still Cited as Top U.S. Problem
Pa. Man Barters With Bacon for Cross-Country Trip
‘Cannibal cop’ says torturing and eating women nothing more than his fantasy
Work in U.S. and Spain losing its appeal for Latin Americans
Pentagon Needs Battle Plan for Troop-Suicide Threat
Sheriff's Deputy Pleads Guilty in DWI Crash
Homeland Security opens TSA 'Precheck' to all travelers
Ron Paul: "I Smell Iraq All Over Again"
Transformation of North San Jose into urban tech hub under way
Most Americans back NSA, prioritize surveillance over privacy