Why GDP Went Up But You're Still Broke
1 year ago
417
Carol Roth tries to explain why your wallet still looks light but GDP still went up 2.1%. The problem lies in Americans' individual bank accounts, who are overextending their lines of credit and savings to help keep up with inflation. The problem is that the consumer can only spend so much before they run out of anything to spend in which case, we making be looking at an economic collapse.
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