Consumers Pared Savings To Spend in September
Which isn't necessarily a good sign
SPENDING UP: Americans increased their spending 0.8 percent in September, the Commerce Department said Friday. It was the biggest gain since February and a sign of confidence in the economy.
INCOME AND SAVINGS: Income grew 0.4 percent, the biggest gain since March. Still, consumer spending rose twice as fast. Americans financed their additional spending by cutting savings for the third straight month.