
“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:
Widespread placebo prescriptions prompt debate over the ethics of overmedication
John Kerry: Assad is the new Hitler because of chem. weapon use
Man throws away $500K in gold to spite ex-wife
Security Meltdown at Republican Convention in Tampa
Syrian Christians ‘pray for peace’
Czechs unrelated to Chechens, diplomats remark after Boston blast
Vicco to consider paying police chief in Bitcoin
Obama executive order expands Homeland Security reach into local law enforcement
Standard Chartered fined $340 million over Iran deals
Country Time Lemonade to help pay fines, permit fees for kids' lemonade stands
FTC Begins Sanctions Against Insecure Internet-Connected Device Companies
Tajikistan orders Twitter ban
Anthony Gregory: Newtown and the Bipartisan Police State
Ron Paul: "Trade War Through Currency Devaluation Is Very Very Dangerous" - Bloomberg 2/8/13
Wal-Mart sues Visa for $5 billion over card swipe fees