Americans save rather than spending

The American consumer spendings and incomes have stagnated unexpectedly in June, while the personal savings reached a high-value, has not seen in a year.

According to several opinions, the datas in connection with spendings and incomes did not caused a surprise, since they were close enough to the expectations and demonstrates that the economic recovery from the slowdown has began.
Others argues that these result are bad, especially in the light of Fed chairman, Ben Bernanke’s opinion, that higher incomes would be needed to boost the economy – reports tozsdeforum.hu.