The Fed Reports Depressing Consumer News

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Again, with the Feds it's too often too little and too late to reflect realilty. These figures don't address the current economic slide so the historical information has little value as it is a highly inaccurate portrayal of real time economics. Remember Hurricane Katrina? Too little and too late. The Wall Street and bank bailout package? Too little regulation and the wasteful bailout was too late to sure up all the damage that was already done by lack of responsible federal oversight of the markets.

Tony Lee of CA 2:13PM February 13, 2009

These income figures are all pre-tax.

Kimberly Palmer of DC 1:41PM February 13, 2009

if these income numbers are before or after taxation.

Muser of NM 1:29PM February 13, 2009

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Alpha Consumer

Kimberly Palmer, senior editor for U.S. News & World Report, writes about making smarter financial decisions. She’s the author of Generation Earn: The Young Professional's Guide to Spending, Investing, and Giving Back.

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Senior editor Kimberly Palmer’s book, Generation Earn: The Young Professional's Guide to Spending, Investing, and Giving Back, is now available.

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