Commerce Department: Spending Rose in March
Personal income increased 0.3 percent in March, following an increase of 0.1 percent in February. Wages and salaries, the most significant portion of personal income, grew 0.2 percent after a rise of 0.1 percent in February.
The personal savings rate dropped slightly in March to 2.7 percent. It had stood at 3 percent for the month of February.
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