Money is tight for a lot of people in Sacramento these days. With the economy’s future uncertain, unemployment rates high and many people looking for ways to save money, you’d think the purse stings would be tied tight. As it turns out, we’re actually spending more! According to the Bureau of Economic Analysis, personal spending is up 2.9 percent nationally.
There seem to be a few things people just can’t resist. People are spending much more on phones (thanks, Apple), pets, education and healthcare. The places where people are cutting back are on things like moving expenses, cars, fuel and home furnishings. The trend is for people to move around less, but spend more on things they like,read more