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Behind the slump in consumer spending

Name: Behind the slump in consumer spending
Uploaded: 2015-05-17T06:16:00-0400
Duration: 1 min 19 s
Description: Behind the slump in consumer spending Financial markets are at or near record highs, but consumer spending in April was flat. At the same time, Americans are saving money and paying down their credit card debt. CBS News business analyst Jill Schlesinger joins Jeff Glor to discuss what it means for the economy.

Behind the slump in consumer spending Financial markets are at or near record highs, but consumer spending in April was flat. At the same time, Americans are saving money and paying down their credit card debt. CBS News business analyst Jill Schlesinger joins Jeff Glor to discuss what it means for the economy.