Consumer spending plunges record 13.6 percent amid coronavirus

Consumer spending dropped by a record 13.6 percent in April amid the economic fallout of the coronavirus pandemic, according to data released by the Department of Commerce on Friday.That 13.6 percent drop represents a decrease of $1.89 trillion in personal consumer spending, according to the data.By comparison, personal consumer spending increased 0.4 percent in both December and January and grew 0.2 percent in February before dropping 6.9…