|Lucia Mutikani – Reuters
US Consumer Spending Rises, Savings Drop to 10-Year Low
Summary: U.S. consumer spending rose significantly at the end of 2017 showing a large increase in overall demand. On the flip side of the spending figures, overall savings declined to a 10-year low, indicating that many people may be dipping into savings to support spending habits. The decrease in savings could limit the extent of consumption moving forward unless income growth is able to create sustainability.