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Lackluster consumer income and spending point to a slowing economy
Lackluster consumer income and spending point to a slowing economy

The economy just posted its best six-month stretch in 11 years, the labor market is on a record streak of job creation and gas prices are falling. But consumers — a key driver of U.S. economic growth — have not yet fully joined the party. With incomes growing at a frustratingly slow pace, average Americans are opening their wallets only enough to keep the economy expanding, but not spending at a robust pace, according to a government report released Wednesday. "A lot of the data suggest we're not still in the wake of the Great Recession and financial crisis, but consumers have not forgotten those times," said Chris Rupkey, chief financial economist at Union...

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