U.S. consumer spending sinks by record 13.6% in face of virus

U.S. CONSUMER SPENDING declined a record 13.6% in April. / AP FILE PHOTO/JEFF ROBERSON
U.S. CONSUMER SPENDING declined a record 13.6% in April. / AP FILE PHOTO/JEFF ROBERSON
WASHINGTON (AP) – United States consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession. Last month's spending decline was far worse than the revised 6.9% drop in March, which itself had set a record for the steepest…

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