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Though US Consumer Spending is up, it’s Not Going to Clothing and Footwear

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Consumers may be spending more, but they’re focused on things beyond what they wear. U.S. personal income increased 0.4%, or $47.8 billion, in March, primarily driven by gains in wages and salaries, social security benefits and dividend income, according to estimates released Monday by the Bureau of Economic Analysis (BEA). Disposable personal income (DPI) also…

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