Johnson maintains that all of O'Hair's personal spending money came from public speaking engagements.
The rise in personal spending led to a 0.5% gain in real consumption, its strongest level since December 2009.
FORBES: Consumption Picks Up In July Indicating Lower Risk Of Deflation
Personal spending increased 0.8% in July, above consensus expectations of 0.7%, while personal income rose 0.3%, in line with expectations.
FORBES: Consumption Picks Up In July Indicating Lower Risk Of Deflation
Whatever consumer sentiment surveys record, this is a leading indicator that personal spending can carry our economy through next year.
The only bright spot for Japan last quarter was consumption, but personal spending cannot remain high if the rest of the economy continues to crumble.
Federal authorities also are looking at Mr. Wasendorf's personal spending.
Also positive was a report from the Commerce Department that showed personal spending in the United States rose by 0.4% in March, twice the 0.2% gain Wall Street had expected.
Monday brings news of personal income and personal spending.
At the same time, gross domestic product growth slowed to 2.5% in the second quarter from 5.6% in the first quarter, according to the Bureau of Economic Analysis, in line with a similar deceleration in personal spending.
During the first few months of his administration, Garcia boosted his approval rating into the high sixties, mainly by demonstrating that he was a force for stability, unlike Humala, and also for austerity, unlike his predecessor, Alejandro Toledo, who was given to extravagant personal spending and outright frivolousness.
Personal consumption spending increased 1.4 percent in the third quarter, about the same as the 1.5 percent increase in the second quarter.
FORBES: The Revised Third Quarter GDP--Better, But Not By Much
At the same time the national price index for personal consumption spending increased 0.3% in the third quarter, which is seasonally adjusted, but may reflect a slight pick up in pre-holiday spending.
The August Personal Income and Spending numbers came in at 0.1% and 0.5%, respectively, on expectations of a 0.2% and 0.5% rise.
All other, and arguably more important, indicators (Production and Income, Employment, Unemployment and Hours, and Personal Consumption and Spending) registered very negative readings.
As we spend more and more time online, we constantly give away information about our personal preferences and spending habits for free to vendors.
In the process of gathering somewhat innocent behavior data, mobile wallet projects will also gather card numbers, personal identities, spending data and other sensitive information.
FORBES: Paying With Your Data: The Real Promise Of Mobile Wallets
July personal income and spending data will be published on Monday.
Thursday will feature November durable goods orders, November personal income and spending, November new home sales and the final December University of Michigan consumer sentiment survey results.
Some of the other key U.S. economic indicators next week include personal income and spending Monday, Chicago Purchasing Managers Index and consumer confidence on Tuesday, ADP private-sector employment report and Institute for Supply Management manufacturing PMI Wednesday, and initial jobless claims Thursday.
FORBES: METALS OUTLOOK: Gold Market To Focus On Central-Bank Meetings, Jobs Report, Physical Demand
In the fourth quarter 2009 GDP, business spending trumped personal consumption by almost seven to one.
It would also dramatically reduce government spending and the unfunded liabilities of Social Security over the long run, as benefits paid by the fully funded, private market personal accounts replace federal spending.
The field for elite credit cards is growing increasingly crowded with products offering select customers outlandish perks like access to private jets and personal shopping services for spending hundreds of thousands of dollars using their plastic.
And if we set aside the pay-as-you-go nature of Medicare and pretend it really is an insurance program, your payroll tax contributions will end up covering only about one third of your personal tax-financed spending over your lifetime.
FORBES: U.S. Treasury to President Obama: Medicare's Current Policy 'Is Unsustainable'
The best-fit estimate represented by the downward-slopping line in the chart reveals that for each one percentage point of personal income that social welfare spending rises above 10%, net private investment falls by about 1.2 percentage points of personal income.
FORBES: Memo To The President: We Can't Tax, Spend And Print Our Way To Prosperity
The Roadmap financed the transition to personal accounts through the reduced spending resulting from the other entitlement reforms.
FORBES: The New Republican Vision For Modern Social Safety Nets
Under 10% of personal income, social welfare spending has no discernible effect on net new investment as shown by the horizontal best-fit line.
FORBES: Memo To The President: We Can't Tax, Spend And Print Our Way To Prosperity
Despite historically high unemployment and low personal income, consumers are spending.
FORBES: Shopping: Will The Ghost Of Christmas Past Haunt Sales?
It is ironic that the real problem with Romney's personal financial situation is his spending, not his work or savings, and that no one is paying attention to that.
Second, consumers can use personal credit cards for business spending that results in a monthly revolving balance, thereby effectively taking it upon themselves to extend protections to business spending.
Put a 25 percent tax rate on individuals and corporations and see how it comes out in terms of personal consumption expenditures and corporate spending for plant and equipment, even research and development.
应用推荐