Click here to get this article in PDF
Personal income from all sources adjusted for inflation — real income — fell for the second straight month in June and was down 1% on the year. But American consumers continue to spend. How can this be? They’re running up debt at a dizzying pace. This undercuts the narrative claiming the American consumer is “healthy.” […]
The post Total Household Debt Hit a Record $16 Trillion in Q2 first appeared on SchiffGold.