The State of the US Consumer

7 Jan    Investing News

As I mentioned in my piece the other day, the consumer is now singlehandedly holding up the US economy, representing almost 80% of activity and growth. Strong consumer confidence is based upon the wealth effect from booming 401(k) balances, the steady rise in wages (especially at the lower end these past few months), the tight labor market and low gas prices. The turbulence of the trade war has primarily hit agribusiness …

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