WoooHooo. Consumer spending is up, savings and income down…..

[UCGal]

I think it has more to do with declining income and therefore less discretionary income. Most people have some fixed costs (rent, food, gas for the car, etc)… those don’t go away or shrink when your income drops.

The May figures were inflated due to some of the stimulus. June is back to our nominal, sucky economy… less income, but we still have bills, so lower savings.

http://www.ritholtz.com/blog/2009/08/income-falls-13-but/

[Arraya]

[img_assist|nid=11652|title=Shop till you drop…|desc=|link=node|align=left|width=878|height=600]

Zombie consumers will continue to spend even after death.

[Arraya]

[img_assist|nid=11652|title=Shop till you drop…|desc=|link=node|align=left|width=878|height=600]

Zombie consumers will continue to spend even after death.

[Arraya]

[img_assist|nid=11652|title=Shop till you drop…|desc=|link=node|align=left|width=878|height=600]

Zombie consumers will continue to spend even after death.

[Arraya]

[img_assist|nid=11652|title=Shop till you drop…|desc=|link=node|align=left|width=878|height=600]

Zombie consumers will continue to spend even after death.

[Arraya]

[img_assist|nid=11652|title=Shop till you drop…|desc=|link=node|align=left|width=878|height=600]

Zombie consumers will continue to spend even after death.

[Dougie944]

I have been a massive saver most of my life. Around 40% of my gross income on average.

I have found myself spending more money than normal over the last 6 months while taking advantage of pretty big deals.

Maybe there are more savers out there doing the same.

Doug

[Dougie944]

I have been a massive saver most of my life. Around 40% of my gross income on average.

I have found myself spending more money than normal over the last 6 months while taking advantage of pretty big deals.

Maybe there are more savers out there doing the same.

Doug

[Dougie944]

I have been a massive saver most of my life. Around 40% of my gross income on average.

I have found myself spending more money than normal over the last 6 months while taking advantage of pretty big deals.

Maybe there are more savers out there doing the same.

Doug

[Dougie944]

I have been a massive saver most of my life. Around 40% of my gross income on average.

I have found myself spending more money than normal over the last 6 months while taking advantage of pretty big deals.

Maybe there are more savers out there doing the same.

Doug

[Dougie944]

I have been a massive saver most of my life. Around 40% of my gross income on average.

I have found myself spending more money than normal over the last 6 months while taking advantage of pretty big deals.

Maybe there are more savers out there doing the same.

Doug

[smshorttimer]

[quote=Dougie944]I have been a massive saver most of my life. Around 40% of my gross income on average.

I have found myself spending more money than normal over the last 6 months while taking advantage of pretty big deals.

Maybe there are more savers out there doing the same.

Doug[/quote]

Good for you, Dougie, that’s great.

(No sarcasm. Really. Wish I’d done that.)

[smshorttimer]

[quote=Dougie944]I have been a massive saver most of my life. Around 40% of my gross income on average.

I have found myself spending more money than normal over the last 6 months while taking advantage of pretty big deals.

Maybe there are more savers out there doing the same.

Doug[/quote]

Good for you, Dougie, that’s great.

(No sarcasm. Really. Wish I’d done that.)

[smshorttimer]

[quote=Dougie944]I have been a massive saver most of my life. Around 40% of my gross income on average.

I have found myself spending more money than normal over the last 6 months while taking advantage of pretty big deals.

Maybe there are more savers out there doing the same.

Doug[/quote]

Good for you, Dougie, that’s great.

(No sarcasm. Really. Wish I’d done that.)

[smshorttimer]

[quote=Dougie944]I have been a massive saver most of my life. Around 40% of my gross income on average.

I have found myself spending more money than normal over the last 6 months while taking advantage of pretty big deals.

Maybe there are more savers out there doing the same.

Doug[/quote]

Good for you, Dougie, that’s great.

(No sarcasm. Really. Wish I’d done that.)

[Author]

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