According to U.S. News, they’re spending the savings from low oil prices. Spending at restaurants and retailers was the highest in 5 years, but not by much. Real personal consumption expenditures were up in 2015 by 3.1% (which is only a little higher than the 2.7% increase in 2014).
Barbara Weltman
Big Ideas for Small Business, Inc.
Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."
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