Americans' Spending Barely Grew in June as Incomes Stagnated

Consumer spending lost momentum in June and a drop in dividend payments caused incomes to stagnate, signaling the U.S. economy may get less help from households this quarter, Commerce Department figures showed Tuesday.

June marked a third straight month of slowing nominal spending. A weaker handoff into this quarter signals household outlays, which accounts for about 70 percent of the economy, could come short of matching the pace of the prior three-month period that helped lead a rebound in economic growth.