Consumer spending unexpectedly drops

Holiday season is coming and it’s always been a crazy time for the transportation sector, while everyone prepares, we here at LoadSmart wonder how crazy will it really be? Here are some interesting facts that might affect those statistics.

Consumer Spending Falls and Income Rise slows

In August consumer spending rose .5%, although economists expected another rise in consumer spending for September, it actually unexpectedly fell .2%

The Income Average has been rising this year but september has been the slowest month since last year at only a .2% increase.

Why?

– Wages are barely keeping up with inflation

– Slowing increase in real estate prices

-Volatile Stock Market.

Will these patterns continue for October, November and December numbers? What are your predictions? For more go to TT>>

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