U.S. Consumer Spending Plunges While Stimulus Boosts Incomes
A shopper carries bags outside of a Walmart store in California, U.S. (Photographer: Patrick T. Fallon/Bloomberg)

U.S. Consumer Spending Plunges While Stimulus Boosts Incomes

(Bloomberg) -- U.S. consumer spending plunged in April by the most on record as widespread government lockdowns largely prevented Americans from spending federal stimulus payments in the month.
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