11-3-20 consumer spending
A retired Ripon College economist says a new report on consumer spending is good news. Consumer spending, which accounts for more than two thirds of the U.S. economic activity rose 1.4% last month, after gaining one percent in August. Economist Paul Schoofs says a resurgence in COVID-190 cases across the nation could slow spending in the fourth quarter. The news on household spending comes as the U.S. economy surged by more than […]