Spending by wealthier Americans powers economic growth

The latest figures show that U-S economic growth is being fueled by strong consumer spending. The Commerce Department says the economy grew at the fastest pace in two years from July through September. Those numbers are being touted by the White House as evidence that President Trump’s economic policies are working. Analysts say that wealthier Americans are spending more while lower-income households struggle with high prices. Despite the economic boom, job creation is low and the labor market remains tight.