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May 25, 2013
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 Americans Are Spending AgainPosted on Jan 31, 2011
Is it good news that U.S. consumer spending revved up to a three-year high in 2010? It could make for some improvement, especially if employment picks up to bolster Americans’ consumption habits in coming months, according to the BBC. —KA
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By Frankthesalesforecaster, February 2, 2011 at 2:00 pm Link to this comment
(Unregistered commenter)
The definition of consumption includes payments in SS as well as 401k matches and other stuff (savings is what is left over for use by the partial reserve banking system.) Part of the increase in consumption is due to increase in income.
Report thisBy Marshall, February 2, 2011 at 5:15 am Link to this comment
Spending increased, but savings fell. Which means americans are just spending
Report thistheir savings. And since real income hasn’t risen, this gets us nowhere but closer
to debt with a looming state crisis on the horizon. The worst is yet to come.
By samosamo, February 1, 2011 at 4:15 pm Link to this comment
****************
Report thisMax Time! The banks just sent out a new batch of credit cards.
By Queenie, February 1, 2011 at 12:05 am Link to this comment
Who wrote this shit? The Chamber of Commerce?
Dig those headless (brainless) mannequins. Just the way our government wants us.
Report thisBy Robespierre115, January 31, 2011 at 5:21 pm Link to this comment
...Or the population is made up of consumerist sheep. I’ve lived in the poorest areas of the Central Valley in California and you’ll find people who’ve been unemployed for months still digging deep just to buy some shiny new toys to look good. I recently met a family who lost their home and they still dived into more debt to get their kids the latest video game system.
Report thisBy prisnersdilema, January 31, 2011 at 4:54 pm Link to this comment
You mean the rich are spending, in another orgy of greed. The poor are hanging on.
Report this