Despite an economic recovery that is going on 8 years and lower fuel costs, consumer spending numbers in the US are rather weak and is some months falling. Why do you think this is? Is the money being spent elsewhere or saved?
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Good thinking about not spending money mindlessly or on a whim. Many of us still remember the horrible 08-09 recession. B
Good observations Jack. Those are certainly major factors regarding why consumer spending is so anemic.
I do think it's hard for people at the bottom rungs to keep up with inflation. Medical costs, for examples, continue to spiral higher, which takes a big bite out of anyone's extra money they have from lower fuel costs.
Oh! speaking of medical bills: I broke a tiny piece of tooth (bottom molar) on a piece of hard candy. Had to get it repaired. 1 tooth, 1 tiny hole= $600.00! Maybe it's not too late to go to Dental School??