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Spending and Income Up

November 22, 2005 06:18 PM PST

Hurricane repairs and insurance payments lift both personal spending and income; prices in check. This sounds like temporary relief to me. In fact, it's not all good news. The saving rate is still negative at -0.4 percent. So while the move was in a good direction, we're still spending more than we're saving.

I've tried that (back in my days of reckless abandonment -- which were neither reckless nor abandoned). It doesn't work.

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