Americans Are Spending Faster Than Their Incomes Are Rising
Some economists question whether robust consumption can be sustained.
This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, US economy reporter Mark Niquette looks at the data on spending and incomes. Sign up here. Email our editors here.
The US economy is growing, sentiment is improving, and consumption has been surprisingly resilient. But concerns are starting to surface about whether the engine powering the economy — consumer spending — might run out of gas.