Files containing subject household debt

A funny thing happened on the way to this forecast: we tripped over bad data. But no harm was done. In fact, when we picked ourselves off the ground, the world looked better. [READ MORE]

A hackneyed but important fact is that consumer spending in the United States accounts for two-thirds of Gross Domestic Product (GDP). This was true in the 1970s (66 percent), 1980s (67 percent), and 1990s (67 percent). [READ MORE]