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
Some of the growth is driven by record-low interest rates, supporting auto sales that account for almost a quarter of the increase in spending on long-lasting items. From 2008 through this year, the annual rise in the number of households has averaged less than 1 percent. What''s Next? Unless the top 10% increase spending ~6%/yr.,
Let's personalize your content