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Title: Americans are depleting capital faster than producing, negative net savings since early 2023.
Source: [None]
URL Source: https://citizenwatchreport.com/amer ... tirely-on-foreign-net-savings/
Published: Sep 18, 2024
Author: Horse
Post Date: 2024-09-18 13:33:39 by Horse
Keywords: None
Views: 1104
Comments: 1

Economy now relies entirely on foreign net savings

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https://citizenwatchreport.com/american-consumers-spending-more-getting-less/

American Consumers Spending More, Getting Less

Retail sales beat expectations in August, rising by 0.1 percent month- on- month. You might assume this means American consumers did better this month than last month. A deeper look into the context of these numbers offers another perspective. The retail sales data only tells us that Americans spent more last month than they did the month before. But that doesn’t necessarily mean they got more stuff. In fact, when factoring in price inflation, we find that while Americans spent more in August, they got fewer goods and services for their money.

Horse  posted on  2024-09-18   13:36:57 ET  Reply   Untrace   Trace   Private Reply  

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