A Word To The Wise, Personal Consumption At 70.4% Will Have To Come Down With Forced Austerity Of The New Normal

Posted By on December 8, 2010

Personal consumption expenditures still account for 70.4% of national income (GDP) as of Q3 2010, that was down slightly from the record of 71.1% Q3 2009.  But look where it was just 10 years ago in 2000.

Standard of living reductions will force the chart below to seek lower levels of consumption.  A small reduction in consumption expenditures will have a large negative effect on the ability for the economy to grow!

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