Americans Spent More in August 2026

Although consumer spending picked up in August, according to federal data released last Wednesday, experts questioned how sustainable that can be.

Consumer spending ticked up 0.9 percent last month. But personal income increased only 0.2 percent, leaving a gap that Americans are filling in part by dipping into their savings.

The personal savings rate hit the lowest level in almost four years, according to the personal consumption expenditures data from the Bureau of Economic Analysis.

Please select this link to read the complete article from The Washington Post.