
IPFS News Link • Economy - Economics USA
Asking too much of U.S. consumers
• ReutersTalk about getting it from all sides. Economists want Americans to cut down on debt and boost spending all at once, even as home values tumble and gasoline prices soar.
It may all be a bit too much for the average U.S. household, particularly with an already sluggish labor market stuttering again.
A raft of economic reports this week will help sort out just how bad things have gotten,