Only two stores remain inside the Totem Lake Mall in Kirkland, Washington. Seven_Null7/Planet Money Flickr pool
With incomes falling, Americans are spending less and saving more. The Commerce Department says consumer spending dropped 0.2 percent in March, following an increase of 0.1 percent in February. Incomes were down 0.3 percent last month, the fifth drop in six months. Meantime, savings are up. Americans socked away $455.3 billion in March -- that's about 4.2% of disposable personal income.
categories: News
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