Consumers spend more, save less in September

It has been recorded in the article, “Consumers spend more, save less in September”, that the GDP did in fact go up to 2.5% in the third quarter from 1.3% in the second quarter and 0.4% in the first quarter. However, even though the GDP went up, there has been an observation of consumers spending more than they are earning. With a slight increase of inflation already taking place, it is difficult to decrease the amount spent if an item costs a lot more than it used to.

Article: http://www.marketwatch.com/story/consumers-spend-more-save-less-in-september-2011-10-28?siteid=yhoof