In this Monday, Feb. 25, 2013 photo, a customer counts her change after a purchase at Lodge’s store in Albany N.Y. U.S. consumers earned more and spent more in February, helped by a stronger job market that offset some of the drag from higher taxes, according to the Commerce Department, Friday, March 29, 2013. (AP Photo/David Duprey)
WASHINGTON (AP) — U.S. consumers stepped up spending in February after their income jumped, aided by a stronger job market that offset some of the drag from higher taxes. The gains led economists to predict stronger economic growth at the start of the year.
Consumer spending rose 0.7 percent in February from January, the Commerce Department said Friday. It was the biggest gain in five months and followed a revised 0.4 percent rise in January, which was double the initial estimate.
Americans were able to spend more because their income rose Login to read more