Nov 12, 2009 8:52 AM by Associated Press

Americans may be settling into spending less

Americans may be settling into low-spending habits.

They spent about the same amount in October as they did in August and September. That's according to SpendingPulse, a service of MasterCard Advisors.

U.S. retail sales rose 1.5 percent in October compared to a year earlier. The sales include everything from toys to food, but exclude cars and gasoline.

Compared with the month before, however, sales fell 2.3 percent in October. That's the biggest month-to-month decline since December 2008.

A parade of earnings reports due Thursday will offer a more textured read on consumers' recent spending.


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