Home / Forex News / U.S. Personal Income Slumps More Than Expected, But Personal Spending Jumps

U.S. Personal Income Slumps More Than Expected, But Personal Spending Jumps

Personal income in the U.S. slumped by more than expected in the month of June, according to a report released by the Commerce Department on Friday, although the report also showed another substantial increase in personal spending. The Commerce Department said personal income tumbled by 1.1 percent in June after plunging by a downwardly revised 4.4 percent in May.
Read Full Story