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MoneyWatch: Americans spending more than expected to kick off new year

Name: MoneyWatch: Americans spending more than expected to kick off new year
Uploaded: 2022-02-16T12:37:44-0500
Duration: 3 min 58 s
Description: Americans are spending more than expected, with the Commerce Department reporting retail sales jumped 3.8% in January -- up 13% from the same time last year. Ted Rossman, a senior industry analyst at Bankrate.com, joins CBS News to discuss the latest retail sales numbers.

Americans are spending more than expected, with the Commerce Department reporting retail sales jumped 3.8% in January -- up 13% from the same time last year. Ted Rossman, a senior industry analyst at Bankrate.com, joins CBS News to discuss the latest retail sales numbers.