In signs that the economy could be turning around, consumers earned more money last month and spent more, the Commerce Department reported today.
Personal income rose 0.2% in August, the same as in July, while disposable in August personal income rose 0.1%, following no change in July.
Consumer spending increased 1.3% in August, the largest jump since May 2008. In July, consumer spending rose 0.3%. The August data reflect back-to-school spending and the end of the government's "cash for clunkers" program.
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