American consumers ramped up spending last month, supported by low unemployment, rising confidence, soaring stock prices and a sense that their personal finances have been repaired a decade after the housing crisis spurred a mission to pare back debt. But there’s a catch: Households are again running up more debt, and they are saving less. Sales at U.S. retailers rose a larger-than-expected 0.6% in July, the biggest monthly...

Source: Wall Street Journal August 15, 2017 17:03 UTC