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Should US consumers increase spending by more than the increase in personal income? (Minimum 100 words)

Should US consumers increase spending by more than the increase in personal income? (Minimum 100 words)

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There is no need to enhance further in the expenditure as already US consumer spending more.

The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.6% last month after an unrevised 0.3% gain in June.

Consumer spending in July was supported by savings as personal income edged up 0.1%, the smallest rise since last September. That followed a 0.5% increase in June.

Wages increased 0.2% and personal interest income fell 1.8%. Savings fell to $1.27 trillion, the lowest level since November 2018, from $1.32 trillion in June.

When there's a surge in demand for goods across an economy, prices increase, and the result is demand-pull inflation. ... Economic expansion has a direct impact on the level of consumer spending in an economy, which can lead to a high demand for products and services.

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