Consumer spending rose 3.2% last year to mark the fastest rate since 2005, two years before the onset of the Great Recession In 2015, the average “consumer unit” earned $69,629, or a little over $60,000 after taxes and spent nearly $56,000 of their take-home pay and...
From the 2016 edition of the Annual CFO Outlook THE ECONOMY Low Growth, High Debt While jobs are up, wages are still down The recovery from the recession has been the third-longest since World War II, but the pace of the recovery has been subpar Outstanding debt —...
