consumer spending

Tomorrow’s GDP numbers will likely show a growth rate around 1.9 percent. Economists predict that an increase in consumer spending will be what helps boost this quarter’s GDP growth rate, which is higher than last quarters’ increase of 1.3 percent. The quarterly GDP release is...
While there is a battle in Congress as to whether we should put more money in the pockets of the 99 percent or the 1 percent, there is a common unifying assumption: giving people money to spend is what generates economic activity. The problem is that if increased spending is the only thing that...
Consumer borrowing can be a powerful sign of economic confidence, an indication that households are feeling flush and assured of their future ability to pay back debt without undue difficulty. So when the Federal Reserve reported late last week that Americans borrowed more this June than they had...
Syndicate content