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As Christmas holiday memories fade and people return to work or their normality, the credit card bills will start to arrive in January. The following article in the New York Times looks at the outlook for the American consumer. It’s well worth a read.
Spare a thought for some international comparisons of countries in Europe facing an outlook of increasing austerity in countries like Greece, Italy, Spain, Ireland, Portugal, UK and Ireland.
Of course, there will also be vast disparities within each national trend.
For 2012, Signs Point to Little Gain in Consumer Spending – NYTimes.com.
Related articles
- It’s Consumer Spending, Stupid – NYTimes.com (wpvins.wordpress.com)
- Nancy Folbre: Overclass vs. Underclass – NYTimes.com (dralfoldman.wordpress.com)
- Austerity Reigns Over Euro Zone as Crisis Deepens – Nelson Schwartz via NYTimes.com (underpaidgenius.com)
- Nobody Understands Debt – NYTimes.com (dralfoldman.wordpress.com)
