Consumer spending rises in March

[centsgirl]

Consumer spending rose in March by the largest amount in five months, but the gains were financed out of savings, which fell to the lowest level in 18 months. A modest rise in incomes added to concerns that the recovery could weaken unless income growth increases more fastly.

The Commerce Department says consumer spending went up 0.6 percent in March, matching economists' expectations. Personal incomes edged up just 0.3 percent, raising new worries about lackluster income growth.

The March surge in spending was financed out of savings, which drove the personal savings rate down to 2.7 percent of after tax income, the lowest level since September 2008.

[Rae74]

that just doesn't add up to me because they are saying that unemployment has jumped in the month of march quite a bit.

I do not think that they know exactly what the deal is with the economy and the finances of the world.

I have never seen things so bad in my life,every one is feeling the heat and pressure from this crazy economic times that we are in.