Credit and Debt

Income Improving Nicely - Expenditures Not. Maybe Personal Debt Is Becoming Too Large.

This past week, data from the BEA showed personal income was improving nicely whilst consumer spending was muddling along. This is not a brand new trend but has been occurring for most of 2015.  The divergence of growth between income and expenditures is evident in the chart below. For the 21st century during… Read Full Story

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