Relevant:
- Retail Sales, Ignorance & Financial Returns Reality
- U.S. retail holiday sales rose 4.9%, biggest increase since 2011 (per Mastercard, at least...)
- Core Retail Sales Growth Weakest In Almost 3 Years (CONTRADICTING NRF'S RAH-RAH REPORT)
- Weak U.S. retail sales highlight risks to economic outlook
- As Fed Blows Bubbles, US Consumers Fall Further Behind, Where's the Trickle, Ben?
2017-11-18 — realinvestmentadvice.com
More importantly, despite annual hopes by the National Retail Federation of surging holiday spending which is consistently over-estimated, the recent surge in consumer debt without a subsequent increase in consumer spending shows the financial distress faced by a vast majority of consumers.
...
With a current shortfall of $18,176 between the standard of living and real disposable incomes, debt is only able to cover about 2/3rds of the difference with a net shortfall of $6,605.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
