by Timothy Lamer
Posted 8/13/05, 12:00 am
If ever a country were a case study in the lessons about money in the book of Ecclesiastes, it would have to be today's United States.
Exhibit A: a Commerce Department report last week that announced incomes in the United States were up 0.5 percent in June, but that consumer spending during the same month increased 0.8 percent. The department also reported that Americans as a whole saved none of their income during June, with the U.S. savings rate falling to zero percent.