Summary Of After Four Months Of Gains

In the article, After 4 Months of Gains, Retail Sales Slip 0.3%, shoppers in the United States cut their spending on cars, furniture, and building materials. This impacted retail sales negatively for four straight months of gains. As income rises, people are going to spend more. “Over the first 8 months in 2015, retail sales rose almost 3% compared with that period in 2015” (Associated Press). In August, consumers seem to have paused, and stopped spending so much. Overall spending dipped, though home sales seem to remain positive. However, not all categories suffered. Back-to-school shopping appeared to take clothing sales to the top. This article is mainly about a decrease in spending over four months and a little bit about how it affects society. I agree with why consumers would stop spending in August, when income increases, spending also increases. On the other hand, I disagree with Mr. Stanley’s statement about the decline in retail sales was a reflection on the presidential election and why people would spend money at restaurants and grocery stores more than in other categories. This was the focus of this article and I stated whether or not I agreed or disagreed

On Thursday, The Commerce Department stated that retail sales have fallen 0.3%. As income rises, we would expect people to spend more on themselves. Things people usually spend money on like: building material, furniture, cars, and gas was dropping and online catalog sales were taking a hit. Many employers expect an increase in growth. They expect that because the unemployment rate is still 4.9% and monthly job gains have averaged around 230,000 since June, which is very good. More Americans can finally enjoy solid income gains. The median household income increases around 5% last year to an inflation-adjusted level of $56,516, said the Census Bureau on Tuesday. This was a summary of the