Consumer Is Ready to Keep Consuming

For years we have been hearing chimerical Cassandra calls of consumer calamity. ‘The consumer is getting tired, debt levels are too high, incomes are rising too slow.’ Ironically these charts below were used by a Business Insider article today titled:
‘Americans are having trouble paying off their credit cards – and it could spell trouble for the economy’.

This post was published at FinancialSense on 11/27/2017.