Consumers ignored the scary headlines and handwringing and went clothes shopping anyway in September, creating solid sales gains for the nation's biggest retailers. Another positive note was report this week showed businesses ordering more big-ticket items in August.
I always felt like I was being lied to whenever I heard people say, money can't buy you happiness. Recent research proves my instinct was correct. It's not saying that more money in people's pockets will instantly lift them into a blissful nirvana, but rather, it shows that people might not be spending money in the right way.
Residential construction, remodeling, moving, gardening and furniture buying add up to about 20 percent of the country's gross domestic product — which is why the upward momentum in housing, which continues to gain steam, is such a powerful boost to the economy.
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