Consumer spending during April is expected to have grown for the tenth consecutive month, but it will be at a slower rate than in March, according to a recent poll conducted by MarketWatch.
Ahead of the U.S. Department of Commerce's report on personal income, inflation and consumer spending, a group of economists say the latter will decrease to 0.5 percent growth in April from the 0.6 percent achieved a month earlier.
According to Wall Street professionals, personal income is also expected to gain 0.4 percent, a 0.1 percentage point drop from March's growth rate.
Although the economy's gains are expected to show indications of slowing down, the fact that it continues to grow is a positive sign that many consumers may be able to get behind.
With reason to feel confident about the state of the economy, some consumers may look to improve specific areas of their finances, such as their credit. In certain instances, fixing bad credit may not be as difficult as some people think.
The first step to a potentially quick credit fix is reviewing credit reports for mistakes or any items that may not have been reported in compliance with federal guidelines. In both cases, consumers have the right to investigate and challenge the mark. If credit companies cannot verify the accuracy or legitimacy of an item, then it must be removed from a person's record.