Some of you may have heard some noise in the media over the past week about the small dip in ...
our blog
Reasons Consumer Spending Will Likely Grow in 2010
February 17, 2010
While most economic pundits think we will see a slowdown in consumer spending this year, signs are pointing that chances are good we will see spending move in the opposite direction. Here's why:
(1) Consumer incomes are rebounding.
(2) Consumers have reduced their financial obligations.
(3) The personal saving rate is higher.
(4) Home building is rising again.
(5) Autos still selling slower than the scrappage rate.
- From economists Brian Wesbury and Bob Stein in this Research Report.
