Americans may not be happy with the economy, but they are still spending money at strong levels, despite prices rising at the fastest rate in three years.
Consumer spending rose during May, increasing by $156 billion, speeding up from April levels, according to data released Thursday by the Bureau of Economic Analysis. The data shows that Americans continue to open their wallets in the face of high prices. Consumer spending is key to a healthy economy, fueling roughly two-thirds of growth.
