Why Consumer Spending Is Likely to Continue Rising

[McFurd]

Barron's - 3/18/2019 - Jimi Filipovski - The U.S. consumer is the backbone of the world’s largest economy, and, while some may be concerned about an aging bull, this important growth driver still has legs, says Macquarie’s David Doyle. The Back Story. In the past four quarters alone, consumers have spent $600 billion, writes Doyle; over the past decade that figure is $4.4 trillion. Consumer confidence is still at multi-year highs as unemployment is low, while real income is trending higher. He predicts that 2019 will “be a banner year for real wage growth,” which has benefited workers across the economic spectrum. That’s part of an ongoing trend, and he believes that a decade into the bull market, the U.S. consumer “appears as resilient as ever.” Read more @ https://www.barrons.com/articles/why-co ... gnInButton