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Most credit card reward systems are designed for personal spend but startups spend a lot more on business".
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Joseph Weisenthal (@TheStalwart) Personal spending a miss, but previous month revised higher.
This, it hoped, would revive personal spending.
Personal spending and savings have both risen.
Broader cutbacks in personal spending and capital spending then followed.
In addition, personal spending rose only 0.3percentt in August.
The Commerce Department said that personal spending fell 0.3percentt in September.
Personal spending accounts for two-thirds of economic activity.
So it can only come from personal spending, government spending or business investment in this country.
If the government prevails, she said, many kinds of personal spending could be called into question.
The Commerce Department said Monday that personal spending rose at an annual rate of 0.2 percent in September.
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