Consumer spending hits 6-year high — as Americans cut savings to 12-year low

[NewsFeeder]

Consumer spending hits 6-year high — as Americans cut savings to 12-year low

Consumer spending climbed 0.4% in December, capping off the biggest increase in household buying since 2011. But households has to slash savings to the lowest level to 2015 to help pay for everything.

http://finance.yahoo.com/r/52fe26bb...8876EC5289&siteid=yhoof2&yptr=yahoo&.tsrc=rss