Exact(9)
But the shaky holiday results add to an already weak snapshot of the consumer situation, including flat incomes and a slow job market.
US home sales slumped much of last year after a three-year rebound, held back by flat incomes, tight credit and rising home prices.
New claims for jobless aid fell less than expected last week, and the number of people continuing to receive unemployment benefits rose — further signs that any economic recovery will be hindered by a weak job market and flat incomes.
"Spending rises despite flat incomes".
Without massive policy intervention, insecurity, long-term unemployment, flat incomes, and rising inequality will linger.
The latest personal consumption data from the Bureau of Economic Analysis (BEA) suggests that U.S. consumers are spending more in 2012 in spite of relatively flat incomes.
Similar(51)
A universal basic income is the idea of paying all citizens a flat, unconditional income, unusually instead of existing policies like means-tested benefits.
Poland appears likely to adopt a flat income tax.
Russia has a flat income tax of 13%.
A flat income tax at the corporate and individual level was introduced in 2004.
Its flat income tax of 3 percent was among the lowest in the nation.
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