Are You Smarter Than. . .?
For those of us (this blogger included) who are mathematically challenged, consider this simple equation: 0.8 – 0.4 = Debt. In September 2011, consumer spending rose 0.8% while personal income climbed 0.4%. How will American families bridge the gap between the two figures? We will borrow the money. And, with personal income growth expected to [...]