US consumer spending spiked a record 8.2% in May as personal incomes fell

Business Insider

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· US personal consumption expenditures jumped 8.2% in May following a record drop in April, according to a Friday report from the Commerce Department.
· Also in May, personal income declined 4.2%, the result of a decrease in government social benefits. 
· Spending in vehicles, healthcare, and restaurants drove jumps in both...

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