Neil Irwin and Dina ElBoghdady of the Washington Post write -”Americans’ incomes and spending levels rose in November, while new-home sales dropped, according to data released Wednesday that suggest the economy has continued a steady but unspectacular expansion as the end of the year approaches.

Personal income rose 0.4 percent, the fifth straight month of increase, and consumer spending rose 0.5 percent, the Commerce Department said. Those numbers were lower than expected, but nonetheless suggest that Americans were becoming more confident about spending money as the holiday season began.”

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