Haircut Deficit: Kids Living in Basements a Drag on U.S. Services Spending; Since Recession Ended, Durable Goods +34%, Services +6.3%; What's Next?
MishTalk
DECEMBER 15, 2013
From 2008 through this year, the annual rise in the number of households has averaged less than 1 percent. Outstanding automotive loan balances climbed to a record-high $782.9 Wealth Effect I would add that some of the spending, especially on autos, is due to the wealth effect of rising stock market and recovery in home prices.
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