Consumer spending slumps at the end of 2020 and bogs down economic recovery
BUSINESS
January 29, 20213 min read, 540 words

Consumer spending slumps at the end of 2020 and bogs down economic recoveryConsumer spending slumps at the end of 2020 and bogs down economic recovery

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Published: January 29, 2021  |  3 min read, 540 words
The numbers: Americans cut spending in December for the second month in a row as a record increase in coronavirus cases opened fresh cracks in the economy and stunted the recovery. Consumer spending sank by 0.2%, . The drop in spending toward the end of the year robbed the econom...
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