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Incomes and Spending Climb in December
Helped by a one-time social security payment, personal incomes grew 0.4% in December, the Commerce Department reported. Actual wages and salaries grew a more modest 0.1%, after increasing 0.4% in November. The government also reported that consumer spending increased for the third straight month in December, rising 0.2%, following an upwardly revised 0.7% gain in November. Consumer spending accounts for about 70% of total economic activity. In last year's 4Q, consumer spending grew 2%, down from a 2.8% increase in the 3Q. Moreover, the personal savings rate in December climbed to 4.8%, up from 4.5% the prior month, the government said. That is up sharply from the spring of 2008, when the savings rate fell below 1% and underscores how frugal Americans have become in light of the past recession.
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Date Last Updated: 02/08/2010
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Charter Capital services many industries. Here are just a few of the industries for which we are currently providing business financing:
Trucking and Freight
It has never been easier for trucking companies and freight brokers to get financing with Freight Factoring from Charter Capital. We purchase your Freight Invoices
and fund you within 24 hours, so you don't have to wait to get paid.
Staffing Firms
We can help you grow your staffing business with unlimited payroll funding, whether you're a start up or a multi-million dollar temp-staffing agency. Our clients provide staffing for various industries including Professional, Office Services, Medical, and Manufacturing.
Security Firms
Demand for security services in the USA is on the rise. Be financially prepared to gain your share with a FactorLine business financing facility only from Charter Capital.
Manufacturing
If your business is a manufacturing plant, distributor, packaging company, or any business that invoices to credit worthy customers, then a FactorLine financing facility from Charter Capital can accommodate the working capital funding needs of both new
manufacturing businesses as well as those that have been around for years.
Technology Staffing Firms
Service providers such as technology consulting businesses and staffing firms are great candidates for our FactorLine accounts receivable financing service, enabling you to increase your cash flow without the need for bank loans. We are always adding new industries and will consider factoring service providers in any industry.
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