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Issues and events that shape Long Island's economic and legislative landscape.

Friday, October 24, 2014

Statement from LIA Chief Economist on Consumer Spending and Personal Income

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Statement From LIA Chief Economist on Consumer Spending and Personal Income

"The higher than expected rise in consumer spending in December provides further evidence of continued economic growth.  Personal income was flat, however, so this increased spending was financed by consumer savings, as the savings rate declined," said John Rizzo, LIA Chief Economist.