Consumer Spending Plummets After Payroll Tax Increase
 

Consumer Spending Plummets After Payroll Tax Increase

When President Barack Obama and Congress agreed to increase the federal payroll tax by two percent to temporarily avert the so-called fiscal cliff in January, Americans were left with less money to spend. Now, some of the country's largest companies are seeing sales plummet as a result.

I think we are on a downward spiral that can't be fixed. I think we are too far gone. boo hoo

I fear the same thing Nan. I know my check sucks now. I have to work longer to make what I did just a few months back

And the price of gas......