Higher prices push up consumer spending at the expense of savings; Are you better off than 4 years ago?

News Summary: US consumer spending grew 0.5 percent on higher gas prices ...
Washington Post
SPENDING UP: Americans boosted spending 0.5 percent in August even though their income barely grew, the Commerce Department said Friday.

Higher prices push up consumer spending at the expense of savings Los Angeles Times - by Tiffany Hsu
Higher Gas Costs Push US Consumer Spending Up Daily Finance
In Depth:Consumers lift spending to pay for pricier gasoline

Inflation is a regressive tax on the 99%



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