Investors are all abuzz. You, oh American consumer, are consuming more and saving less.
Old habits die hard, you ingrates.
According to some economists, your spending is directly linked to job growth. The more you spend, the more somebody else gets the chance to work.
CNN: Americans earn and spend more, save less
...economists look to increased consumer spending to help drive job growth in 2011.
...personal savings as a percentage of disposable income nudged down to 5.3% from 5.5% in November.
Inflation at record low...
1 comment:
All this is going to change in an Egyptian minute. Can you walk like an Egyptian? A tidal wave is building in the ME as we speak.
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