American consumers may take more care last month and cut into their take home pay increase, the social security tax in the retail enterprise and restaurants.
Economists are predicting a retail sales edge up 0.1% in January, according to a survey FactSet. It will be more than 12 months increased by 0.5%. The us department of commerce will report, in the eastern United States time at Tuesday morning.
Last December, the consumer to buy more cars, furniture and clothing. Americans also saw the accelerated bonuses and stock dividend payment upfront expected revenue increase, many companies in 2013 in income, drive a big jump. At a healthy pace in 12 monthly wages and salary rose. It can provide more spending in early 2013 foundation.
However, almost all the work of americans are less than the home, because the United States congress and the White House a temporary cuts to social security tax due last month.
The increase of 2% means that one income is 50000 dollars a year there will be about $1000, in 2013 flowers. A family has two high wage workers will have up to 4500 yuan less.
The highest income family also pay higher income tax this year. The White House and congress of transactions between the rise of years into the $400000, couple years into the $450000 of personal income tax.
The increase of the social security tax is federation (Conference Board) consumer confidence index dropped one of the important reasons for the last month in 14 months to the lowest level. The study is in the beginning of this month, when most people in the United States found that their smaller salary.
But in later this month, a survey by the university of Michigan consumer is very depressed, may be in absorption and the influence of the tax.
Americans may feel better understand the economy, for the improvement of the job market. In the last three months of the new employment per month in 200000 jobs, the labor department announced that in the beginning of this month. This is the first 3 months only from 150000.
Some retail chain robust sales income last month, this suggests that at least some consumers shopping after tax cuts to play. Part of the income may reflect healthy holiday sales promotion.
Overall, consumer spending the faster speed than the previous quarter last year in the last three months of growth. However, slash defense spending and company replenishment weakened economy slowing in the fourth quarter.



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