Article Bookmarked
Bookmark Removed

Americans still hesitant to spend more


Jun. 26, 2014 CNN Money

Personal income rose 0.4% in May, according to the Bureau of Economic Analysis. It may not sound like much, but it marked the fifth straight month in a row that incomes rose. Not only that, but incomes are rising faster than inflation — an encouraging sign that people are gaining more buying power.

After accounting for both taxes and inflation, disposable income is up 1.9% from a year ago. This is an important development because consumer spending drives the bulk of the U.S. economy.

But here’s the catch: Consumers haven’t been going out and spending. Instead, they’re choosing to sock that money away.

Read More on CNN Money

Gene Upshaw Player Assistance Trust Fund

Apply Today

All Resources

Tell Me More

Home prices decline at rates seen close to a decade ago

How much is the housing market tightening?

Read More

Why is It So Hard to Talk About Debt?

Self-perception and emotions can make it a challenge.

Read More

How Do I Stop Robocalls From Scamming Me?

Here are ways to make it stop.

Read More

Someone Took Out a Loan in Your Name. Now What?

From disputing errors to filing a police report. What you can do.

Read More

Fall Is the Season for Building Mindfulness and Resilience

Days get shorter and cooler, but that doesn't have to get us down.

Read More

A Guide to Becoming an Effective Leader

The 6 Traits of Every Successful Leader

Read More

How to Make Relationship Happiness Last

Reappraising conflict from a third-party perspective may preserve happiness.

Read More

COVID-19 Is Still Messing Up Our Sleep

Here's How to Sleep Better

Read More