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General News 8/4/2009 at 4:38 PM EDT

Higher Costs Spur Rise in U.S. Consumer Spending

Quicklink Submitted By Margaret Bassett 1 comment

Margaret Bassett

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By JACK HEALY
Published: August 5, 2009
Consumers spent more in June because prices of food and energy were rising, not because they were ready to spend freely again.

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Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.

Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.

Related Topic(s): Consumer Goods And Services; Cost Of Living; Salary Wage Discrepancy; Spending Priorities; Unemployment Rate, Add Tags

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