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Americans earning more, spending more

Statistics recently released  by the Commerce Department showed that Americans continue to spend more ... but save less as the calendar quickly spun toward this year's holiday season.

Personal income rose 0.3 percent in November, following a downwardly revised 0.4 percent increase in October, according to data released Dec. 23 by the Commerce Department. Spending by individuals ticked up 0.4 percent, compared to an upwardly revised 0.7 percent spike the prior month.

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