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The American Consumer Cannot Prop Up The Economy Forever: “Something Has To Give”

The American Consumer Cannot Prop Up The Economy Forever: “Something Has To Give”

by Mac Slavo | Oct 15, 2019 | Headline News

While consumer confidence can boost the economy and spending can drive growth, the consumer cannot prop up the economy forever. Wages are not keeping pace with price increases, so at some point, “something has to give.” In spite of the trade war and...
US Consumers Tap Out: Personal Savings Rate Plunges To 10 Year Low While Americans Splurge

US Consumers Tap Out: Personal Savings Rate Plunges To 10 Year Low While Americans Splurge

by Contributing Author | Dec 22, 2017 | Headline News

This report was originally published by Tyler Durden at Zero Hedge The latest confirmation that the US consumer is now effectively tapped out came moments ago when the Dept of Commerce reported that in November, Personal Income rose by a lower than expected 0.3% (exp....
Consumer Debt Roulette: Debt Is Up $605 Billion BEFORE $682 Billion Is Spent on Christmas

Consumer Debt Roulette: Debt Is Up $605 Billion BEFORE $682 Billion Is Spent on Christmas

by Contributing Author | Nov 30, 2017 | Headline News

This report was originally published by Daisy Luther at The Organic Prepper The last time American consumer debt was this high was.. well…NEVER. But now, it seems we are engaged in a high stakes game of consumer debt roulette. And the House is the only one who will...

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