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Transcripts For WMPT Nightly Business Report 20111028

this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt tom: good evening and thanks for joining us. susie gharib remains on assignment tonight. some mixed news on the economy today. let s start with the good news. consumers spent more money last month, putting off fears of a recession. spending increased six tenths of a percent, that s three times what was spent in august. americans bought big ticket items like cars and computers. but, there is a flip side. and as darren gersh reports, consumers are spending faster than they save and faster than they earn. reporter: if americans have learned anything in the last few years, saving less and spending more is not a recipe for long run economic health, but that s what consumers were doing last month. wages are stagnant. people are not getting raises, people are not getting bonuses. so what s happening is that the average consumer is having to dip into

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