Economic Detox

Economic Detox

In response to my recent “Spending Hiatus” post, a dear friend with an inquiring mind wanted to know: “What happens to the US economy if the consumer stops spending?” Smart question.  See, for the past 15 plus years, the US consumer has been an...
A Spending Hiatus

A Spending Hiatus

The economic headlines these days are far from uplifting: The unemployment rate is currently 9.5%.  That’s a 26-year high, and will likely continue to rise. An average of 5.4 people are vying for each available job opening Broken out by age, gender, and...