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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 Keeps Rising
Wall Street Journal 03.29.2011
A 'Wage-Less' Recovery in the U.S.
Wall Street Journal 04.04.2011
Use Discretion on Gasoline Prices
Wall Street Journal 05.13.2011
The 'Real' Truth About Consumer Spending
Wall Street Journal 05.27.2011
Wall Street Journal 07.30.2011
Low Interest Rates Do Little to Sway Nervous Consumers
New York Times 08.14.2011
How Bad Is the Economy? Wal-Mart Revives Layaway
Wall Street Journal 09.09.2011
U.S. poverty rate reaches 15.1 percent - The Washington Post
Washington Post 09.13.2011
Wall Street Journal 09.14.2011
Household Incomes in City Fall 5%
Wall Street Journal 09.22.2011
New York Times 10.11.2011
Recession Officially Over, U.S. Incomes Kept Falling
New York Times 10.09.2011
Bleak News for Americans' Income
Wall Street Journal 10.14.2011
Wal-Martâs 3rd-Quarter Profit Slips
New York Times 11.15.2011
Washington Post 06.12.2012
Hopes for a Turnaround Grow Dimmer as Worried Consumers Save, Don't Spend
Wall Street Journal 08.01.2012
A Part-Time, Low-Wage Epidemic
Wall Street Journal 11.06.2012
Hard-Hit Families Finally Start Saving, Aggravating Nation's Economic Woes
Wall Street Journal 01.06.2009
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