Spending and Saving in the United States

By Mike O’Donnellmike@mikeodonnell.us The strength of our economy is largely dependent on consumer spending. Almost 70% of the nation’s Gross Domestic Product (GDP) is a function of “consumer spending”, and this, in combination with “business investment”, “government spending”, and “net exports”, is the definitive measurement of total economic output for the United States. A positive …

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