WILSON’S LOCAL PRINT AND DIGITAL COMMUNITY INSTITUTION SINCE 1896

US consumer spending sinks by record 13.6% in face of virus

By Martin Crutsinger Associated Press
Posted 5/29/20

WASHINGTON — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep …

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