Consumer Personal Consumption For April Posts Weak Showing, Ratio Above 85%,

Posted By on May 28, 2010

The personal consumption to income ratio remains above 85%. A society based on excessive consumption with little investment is not sustainable. When wealth created from previous productive endeavors is consumed or transferred, society is left with obligations that it cannot pay.

Personal consumption to income ratio:
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Consumer spending was stagnant in April while incomes posted a tiny advance, signs that the economic recovery could slow.

Source: finance.yahoo.com

Categories: Charts and Graphs, Commentary, Economy, Finance, National News, Wall Street, World News
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