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IPFS News Link • Economy - Economics USA

Consumers Suffer, Save and Suffer

Suffering from terrible economic times, more Americans are switching from spending to saving. High unemployment and lower incomes drive saving. But higher rates of saving that keep consumer spending low means that economic recovery remains stalled. A vicious cycle that only the rich escape.

1 Comments in Response to

Comment by Anonymous ()
Entered on:

 blah blah blah.... if you dont spend your money everyone's gunna die.

blah blah blah... if we dont raise taxes everyone's gunna die.

blah blah blha... if you dont do what the government and elites want everyone's gunna die.

Gets tiring after awhile doesn't it?

Anyway, low points for unique line of argumentation if nothing else.