Personal Income Edges Down, Spending Up

Washington, DC, Dec. 6, 2013 -- Personal income decreased modestly in October, although personal spending rose, according to the Commerce Department.

The report said personal income edged down by 0.1% in October after rising by 0.5% in September.

Meanwhile, personal spending rose by 0.3% in October following a 0.2% increase in September.

                                                                                                                                                                                                                                                           
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