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Economy Losing Its Cushion
Keywords:
Hilsenrath cites Robert Hall, a Stanford University professor whose research shows three fourths of American households do not have two months worth of income put away as cash or other liquid assets. The Federal Reserve researcher Karen Pence says 41% of households can borrow less than $3000 on their credit cards and 23% have been turned down or discouraged from applying for credit. This shows the general financial weakness of overly indebted American households and the overlayed effects of the housing crisis, and higher unemployment. It suggests the margin for consumers to weather difficulties and increase spending is thin.
Realistic perspectives on the U.S. economy with the consumer and bank bad debt overhang.
03/11/2009
High Frequency Economics's Ian Shepherdson and other experts look at the effect of debt in estimating growth.
Grouped Articles
Deleveraging: It's Not Over Till It's Over
Wall Street Journal 03/11/2009
How Righteousness Killed the World Economy
New York Times 10/12/2014
New York Times 11/29/2009
Tom Keene Talks with David Stockman
BusinessWeek 08/12/2010
Economist Shiller Sees Potential for 'Double Dip' Recession
Wall Street Journal 08/27/2010
How to Fix the Economy: An Expert Panel
BusinessWeek 09/16/2010
Credit card debt surges and the effects on U.S. consumer spending, followed by household debt reduction.
07/05/2008
The result is huge swings in consumer spending, first with rising debt and then with debt reduction and the cultural shift to different lifestyles.
Grouped Articles
A Warning Light to Alert the I.M.F.
New York Times 09/21/2011
Deleveraging: It's Not Over Till It's Over
Wall Street Journal 03/11/2009
How Righteousness Killed the World Economy
New York Times 10/12/2014
Americans’ Debt-Cutting Levels Off
Wall Street Journal 12/12/2014
An Ambiguous Omen, U.S. Household Debt Begins to Rise Again
New York Times 02/18/2014
Americans Pocketing What They Save on Gas, Retail Data Suggests
New York Times 01/14/2015
Surveys of consumer confidence in the U.S. - 2011-2013
03/29/2011
Consumer sentiment in the U.S. following the recession of 2008-2009.
Grouped Articles
Wall Street Journal 04/18/2013
As Confidence Wanes, Jobs Adds to Worry
Wall Street Journal 03/29/2011
Wall Street Journal 07/30/2011
U.S. poverty rate reaches 15.1 percent - The Washington Post
Washington Post 09/13/2011
Wall Street Journal 04/16/2012
The American Consumer in 2010-2013
07/29/2010
Spending habits in the post 2008 crisis period with a gradual recovery in spending but not enough of a recovery. And some erratic patterns in consumer behaviour of cost cutting on basic consumer goods and splurging on electronics and other goods.
Grouped Articles
Wall Street Journal 04/18/2013
BusinessWeek 07/29/2010
Tech Gadgets Steal Sales From Appliances, Clothes
Wall Street Journal 08/03/2010
Another Threat to Economy: Boomers Cutting Back
Wall Street Journal 08/16/2010
Battered, Bargain-Hungry Buyers Keep Retail Sales Weak
Wall Street Journal 08/14/2010
Retailers Are Sold on Frugality
Wall Street Journal 08/18/2010
Household debt, income and savings in the U.S.- 2010-2015
02/05/2008
Grouped Articles
Wall Street Journal 02/02/2012
An Ambiguous Omen, U.S. Household Debt Begins to Rise Again
New York Times 02/18/2014
Economy Fitful, Americans Start to Pay as They Go
New York Times 02/05/2008
Deleveraging: It's Not Over Till It's Over
Wall Street Journal 03/11/2009
Wall Street Journal 04/04/2009
How Righteousness Killed the World Economy
New York Times 10/12/2014
Aging, Retirement and 401(K)'s in America- 2010-2016
03/30/2010
The situation confronting the baby boom generation as it retires in the U.S. The stock market boom-bust cycles of 2000-2002 and 2006-2008 have hurt the 401(K) retirement accounts of most Americans. High unemployment and the housing crisis with many home owners under water has only worsened the situation. The difficult situation for seniors earning little interest on their savings. The problem of outliving ones savings for seniors with their money invested in bonds in a low interest rate environment. The median savings of Americans of close to $10,000 with only 10% of Americans having saved about $1 million by age 65. Longevity today means Americans are likely to live to age 85.
Grouped Articles
Big 401(k) Mistakes … and How You Can Avoid Them
Wall Street Journal 04/13/2013
Why Many Retirees Could Outlive a $1 Million Nest Egg
New York Times 06/08/2013
Suddenly, Retiree Nest Eggs Look More Fragile
New York Times 06/15/2013
Low Interest Rates Are Squeezing Seniors
Wall Street Journal 03/30/2010
Chuck Schwab Is Worried About Small Investors. Should We Worry Too?
BusinessWeek 05/27/2010
An About-Face for the Stock Market’s 5-Year Return
New York Times 02/15/2014
The highly artificial nature of disposable income in the U.S. in 2010-2012
01/06/2009
One analyst calls it a dangerous aneuyrism. The U.S. consumer came out of the 2008 financial crisis with low savings and high debt. The additional consumer spending that is occurring in 2011 is coming from continued spending at high debt levels and is not sustainable according to experts.
Grouped Articles
Deleveraging: It's Not Over Till It's Over
Wall Street Journal 03/11/2009
BusinessWeek 02/17/2011
Families Slice Debt to Lowest in 6 Years
Wall Street Journal 03/11/2011
A U.S. Recovery Built on Low-Paying Jobs
BusinessWeek 02/24/2011
Wall Street Journal 03/17/2011
Income Data Reflect Recovery's Fitful Path
Wall Street Journal 03/24/2011
Consumer spending and the shift to lower paying and parttime jobs in the U.S. - 2010-2014
01/06/2009
Grouped Articles
Wealth Tide Doesn't Lift All Boats
Wall Street Journal 12/10/2013
Recovery Has Created Far More Low-Wage Jobs Than Better-Paid Ones
New York Times 04/27/2014
A part-timer boom, or blip? - The Washington Post
Washington Post 07/16/2014
How Righteousness Killed the World Economy
New York Times 10/12/2014
Elevated Level of Part-Time Employment: Post-Recession Norm?
Wall Street Journal 11/13/2014
Americans Pocketing What They Save on Gas, Retail Data Suggests
New York Times 01/14/2015
In the U.S. a new frugality takes hold.
01/06/2009
Consumer buying habits in 2009 as job losses and foreclosures take their toll, shifts to frugality and more use of debit cards.
Grouped Articles
Target Bets Credit Discount Will Lead to More Visits
Wall Street Journal 06/22/2010
Shoppers Still Stick To Payday Purchases
Wall Street Journal 08/30/2010
Philips's CEO Urges Local Strategies for Emerging Markets
Wall Street Journal 08/30/2010
P&G Investors Need a Little Pampering
Wall Street Journal 04/30/2009
Debit-Card Use Overtakes Credit
Wall Street Journal 04/30/2009
Frugal Shoppers Drive Grocers Back to Basics
Wall Street Journal 06/24/2009
The Frugal American Customer
01/06/2009
Trends observed by Walmart and other stores. Observations by others. Frugal U.S. consumers and shoppers.
Grouped Articles
Target Bets Credit Discount Will Lead to More Visits
Wall Street Journal 06/22/2010
Shoppers Still Stick To Payday Purchases
Wall Street Journal 08/30/2010
Philips's CEO Urges Local Strategies for Emerging Markets
Wall Street Journal 08/30/2010
Wal-Mart Angles to Keep Those Who Traded Down
Wall Street Journal 10/02/2009
More Ads for Basic Brands as Shoppers Spend Less
New York Times 10/07/2009
Retail and the Rise of the Frugal Consumer
Wall Street Journal 10/07/2009
The U.S. savings rate as the American public shifts to less spending, debt reduction, and higher savings after the economic crisis in 2008-2009.
02/05/2008
The increase in the savings rate as saving takes precedence.
Grouped Articles
Economy Fitful, Americans Start to Pay as They Go
New York Times 02/05/2008
Deleveraging: It's Not Over Till It's Over
Wall Street Journal 03/11/2009
Wall Street Journal 04/04/2009
How Righteousness Killed the World Economy
New York Times 10/12/2014
The Doomsayers Who Got It Right
Wall Street Journal 01/02/2009
U.S. Savings Rate at Highest Point in 15 Years
New York Times 06/27/2009
Weakness in U.S. consumer spending continues in 2012-2013
07/30/2011
Linked Articles
Hopes for a Turnaround Grow Dimmer as Worried Consumers Save, Don't Spend
Wall Street Journal 08/01/2012
Wall Street Journal 07/30/2011
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