Consumer Spending Up Most in Three Years

Washington, DC, Dec. 21, 2012 -- U.S. consumer spending increased in November by the most in three years, according to the Commerce Department.

The government said consumer spending rose 0.6%, and after-tax income climbed 0.8%.

Spending without inflation adjustments rose 0.4%.

The rise in real spending was the largest increase since August 2009.

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