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As stricken homeowners dig out, home-improvement sales should see a boost.
The government is estimating U.S. GDP grew two percent for the past three months. The figure is better than economists had expected — but then again, they weren't expecting much.
U.S. retail sales rose 1.1 percent in September with Americans spending more on cars, electronics and gas.
The government said this morning that consumer spending grew 0.4 percent last month.
NYC, you are the worst offender. In Wisconsin, on the other hand, kids apparently get by in hand-me-downs, playing with discarded pieces of string.
Consumer spending was the big surprise of the morning. The government said Americans spent 0.8 percent more in February.
People are still trying to save more.
The news that Americans are saving more is a mixed blessing, and could also increase our risk of deflation.
The numbers are in and — economic downturn or not — 2011 was the best retail sales year ever! So what's behind that surprising data?
Tess speaks with author James Livingston, who argues that consumer culture is good for the economy, the environment, and your soul.
