US incomes up, consumer spending flat

US incomes up, consumer spending flat
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Summary Americans' incomes rose by the most in nine months, a hopeful sign after a year of weak wage gains.

The Commerce Department says incomes rose 0.5 percent, the strongest increase since a similar gain in March. Consumer spending was unchanged, following weak gains of 0.1 percent in October and November.The income increase after paying taxes and adjusting for inflation was 0.3 percent in December. For the year, inflation-adjusted incomes rose 0.9 percent, just half the modest 1.8 percent rise in 2010.

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