nfib (1)

Admin

1290832?profile=RESIZE_320x320A view of the the NFIB survey and wage growth gives a hint of what may lie ahead in the wage sector.  Consumer spending dropped $7 in June which surprised many. 

(CLICK ON IMAGES TO ENLARGE)

While Americans' spending in June was generally on par or lower than their average May spending, this month's $7 drop is one of the largest recorded by Gallup during this time of year since 2008, when June spending fell by $10. The June 2008 spending average of $104 is still the highest average for that month in Gallup's six-year trend.

Can it be the new jobs being created (majority at the low end) is weighing on consumers pocketbook?  #shocker!  But what about the spending of the wealthy lifting all boats?  You know; that good old trickle down effect?

According to Econoday, the drop in daily spending among all Americans can largely be attributed to upper-income Americans spending less in June. Could the wealthy be running low on things to buy?  Yes sarcasm on my part but a drop is not what any

Read More, Comment and Share......

We welcome you to post a blog entry, oped or share your daily reading with us as long as it is relevant to the topic of investing and not an attempt to sell a product, proprietary strategy, platform or other service. Please provide links to any research data and if re-posting other articles, give credit where credit is due providing a back link to the original site.

300 words minimum per post. You may also sort by category or search by topic. Don't forget to comment and please "share" via Facebook, Twitter and Google+. If you have any questions, please contact us.

FOLLOW STOCKBUZ

__________________

This is a member-supported site. Please donate when you can to help pay the rent. Thank you!

Stay Informed. Sign up for the FREE StockBuz eNewsletter

________________

Investing involves substantial risk. All content is subject to StockBuz disclaimer.

Create Income With Option Spreads

All content on StockBuz.net is subject to disclaimer and Terms of Service