WASHINGTON (Reuters) – U.S. household income rose in March by the most in three months although consumers socked away part of the extra cash by saving more and only modestly increasing spending. The Commerce Department said on Monday consumer income rose 0.4 percent last month. Analysts had expected a gain of 0.3 percent. After tax income climbed 0.2 percent in March when accounting for higher prices. Consumer spending rose 0.3 percent last month, also just below the median forecast in a Reuters poll of 0.4 percent. When taking into account inflation, spending was up 0.1 percent. U.S. …

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