Manufacturing Speeds Up as Consumers Spend Away
In the orgasmic post-Thanksgiving buying season, all the pundits get carried away when consumer spending goes up. Of course, people aren't (necessarily) getting paid more and that extra cash has to come from somewhere. So the savings rate goes down. According to the latest numbers, down to .2%. Which means the guy making $40,000 per year is squirrelling away $80 each year. Should be interesting when it comes time to kick back and retire at 65.
I mean 68.
Ok, 70.
Heck, I can work 'til I'm 75, right?
80 - no problem...
No comments:
Post a Comment