Consumers in December scaled back on spending for the sixth month in a row -- even though they had slightly more to spend -- in a sign that Americans remained nervous about the future.As the economy spiraled downward at the end of 2008 and contracted at the fastest pace in more than 20 years, consumers retreated, spending $102.4 billion, or 1 percent, less than the month before, Commerce Department data issued yesterday showed. The savings rate rose to 3.6 percent from 2.8 percent.
By Annys Shin
Read More: Washington Post
Posted by Jemar Souza
The government also has to be responsible to increase market confidence to help the ewconomy recovery.
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