Are You Earning More But Spending Less? - KALB-TV News Channel 5 & CBS 2

Are You Earning More But Spending Less?

Posted: Updated:
(NBC) Americans are earning more, and spending less. That's according to new data from the U.S. Bureau of Economic Analysis.

Personal income rose in May. And disposable income is up nearly two percent from a year ago. But instead of spending the extra cash, most are choosing to stash it. As of may, Americans were saving about five percent of their monthly income.

Consumers cut back on eating out, going to the movies, and buying clothes. They also spent less on necessities like groceries and utilities.  
  • Most Popular StoriesMost Popular StoriesMore>>

  • CDC director raises Ebola alarm

    CDC director raises Ebola alarm

    Tuesday, September 2 2014 9:53 AM EDT2014-09-02 13:53:11 GMT
    (CNN) -- The Ebola outbreak in West Africa is much worse than official figures show, and other countries are unintentionally making it harder to control, Centers for Disease Control and Prevention Director Dr. Tom Frieden told CNN on Tuesday.More >>
    (CNN) -- The Ebola outbreak in West Africa is much worse than official figures show, and other countries are unintentionally making it harder to control, Centers for Disease Control and Prevention Director Dr. Tom Frieden told CNN on Tuesday.More >>
  • Tropical Blog 9/2

    T.S. Dolly Moving Across The Gulf Of Mexico

    T.S. Dolly Moving Across The Gulf Of Mexico

    Tuesday, September 2 2014 11:52 AM EDT2014-09-02 15:52:04 GMT
    Tuesday, September 210:45amThere is One Tropical Cyclone in the Atlantic Basin.Dolly (Tropical Storm)The Center of Dolly located 85 miles ESE of LA Pesca, Mexico and is centered at 23.4N 96.5W with Maximum sustained winds of 50mph and a Minimum Central Pressure of 1005mb (29.68"). This system is moving WNW (300) at 16mph.Watches/Warnings:There are no current watches or warnings in the United States, associated with this system.There is a Tropical Storm Warning in effect for the coastline fro...More >>
    Tuesday, September 210:45amThere is One Tropical Cyclone in the Atlantic Basin.Dolly (Tropical Storm)The Center of Dolly located 85 miles ESE of LA Pesca, Mexico and is centered at 23.4N 96.5W with Maximum sustained winds of 50mph and a Minimum Central Pressure of 1005mb (29.68"). This system is moving WNW (300) at 16mph.Watches/Warnings:There are no current watches or warnings in the United States, associated with this system.There is a Tropical Storm Warning in effect for the coastline fro...More >>
  • APD recommends wheel locks to prevent thefts

    APD recommends wheel locks to prevent thefts

    Tuesday, September 2 2014 4:40 PM EDT2014-09-02 20:40:46 GMT
    ALEXANDRIA, La. (KALB News Channel 5) -- Alexandria police need your help catching people responsible for stealing wheels and rims off of cars across the city.More >>
    ALEXANDRIA, La. (KALB News Channel 5) -- Alexandria police need your help catching people responsible for stealing wheels and rims off of cars across the city.More >>
Powered by WorldNow
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KALB. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.