Consumers: The great sobriety
Americans have cut debt, boosted savings, and held spending in check — all of which should aid the economy, Ezrati says
It looks as though American households have reached a kind of financial inflection point. The great de-leveraging that they began in the aftermath of 2008–09 financial crisis seems to have run its course and stabilized. Consumers, fortunately, have not returned to their old habit of heavy spen
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