BY JEFFREY SPARSHOTT AND ERIC MORATH
WASHINGTON—U.S. incomes fell a many in dual decades in Jan as aloft taxation rates kicked in, yet American consumers opted to cut behind on savings.
Personal incomes forsaken 3.6% in January, a Commerce Department pronounced Friday. Economists surveyed by Dow Jones Newswires approaching a 2.5% decline.
The decrease some-more than topsy-turvy large gains in December, when companies accelerated payouts of dividends and bonuses forward of Jan taxation increases. Many economists design incomes to resume their delayed expansion after a rough integrate of months.
Generally, if Americans have reduction income in their
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Source:
http://www.news.ezonearticle.com/2013/03/02/us-incomes-fall-spending-rises/
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