Consumer Spending Jumps in August

The bad news from the Commerce Department’s latest report is that wages aren't growing quite as quickly as everyone would hope. The good news is that spending is up anyway, rising 0.5 percent in August—the biggest jump since February. Still, analysts worry that the rise isn’t sustainable, since consumers were dipping into their savings to make the purchases, and a good chunk of the spike may be attribute to higher gasoline costs.