Consumer Spending and Gas Prices

Much has been said about employment and housing with regards to economic recovery . However, as important as these items are, one should not forget consumer spending. While it is good for one’s personal economy to cut back on consumer spending, it does tend to cause problems for the wider economy, since 2/3 of our economy is dependent on the spending that you and I do . Gas prices can impact how much we spend in other areas of our lives, and they can impact general feelings about and confidence in the economy. James Surowiecki points this out in The …read more