{"id":2398,"date":"2010-11-24T07:38:12","date_gmt":"2010-11-24T14:38:12","guid":{"rendered":"http:\/\/www.jasonapollovoss.local\/?p=2398"},"modified":"2018-08-17T08:55:38","modified_gmt":"2018-08-17T12:55:38","slug":"consumers-still-spending-less-than-they-earn","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2010\/11\/24\/consumers-still-spending-less-than-they-earn\/","title":{"rendered":"Consumers still spending less than they earn!"},"content":{"rendered":"<p><span style=\"font-size: 16px;\">Since the early days of the blog, and the Great Recession, I have been saying that I hoped the U.S. consumer would be weaned from his\/her spend thrift ways.\u00a0 For way too long consumers spent more than they earned.\u00a0 But the data for most of 2010 have consistently shown a consumer doing the reverse.\u00a0 That is, folks are actually saving money, on balance.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">The U.S. Department of Commerce reported this morning that consumer incomes rose 0.5% last month.\u00a0 While, consumer spending increased only 0.4%.\u00a0 Additionally, saving was recorded at a level of 5.7%.<\/span><\/p>\n<p><span style=\"font-size: 16px;\"><strong>Analysis:<\/strong> For a change, I think the data tell almost the entire story.\u00a0 U.S. consumers even as the economy is stablizing and slowly improving, still have not reverted back to their old spending\u00a0habits.\u00a0 The savings rate is strong and healthy.\u00a0 Amen!<\/span><\/p>\n<p><span style=\"font-size: 16px;\"><strong>Importance grade:<\/strong> 7.5; while it&#8217;s nice to see the continued conservativism of the U.S. consumer.\u00a0 I still don&#8217;t feel there is enough data in to definitively declare the U.S. consumers&#8217; return to rational spending.\u00a0 The environment that will exist when the unemployment rate is around 8.5%, instead of its current 9.6%, will prove to be a more relevant testing ground for consumer spending and saving.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Jason<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since the early days of the blog, and the Great Recession, I have been saying that I hoped the U.S. consumer would be weaned from his\/her spend thrift ways.\u00a0 For way too long consumers spent more than they earned.\u00a0 But the data for most of 2010 have consistently shown a consumer doing the reverse.\u00a0 That [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-2398","post","type-post","status-publish","format-standard","hentry","category-the-blog"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/2398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=2398"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/2398\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=2398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=2398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=2398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}