Why It’s Important to Keep a Stiff Upper Lip Regarding the Economy

January 20, 2016
Many are convinced that the market correction of the past few weeks is a certain sign of impending recession.

However, consumers’ financial obligations, the share of their after-tax incomes they need to make recurring payments (mortgages, rents, car payments, student loans…etc.) is hovering at its lowest levels since the early 1980s. Meanwhile, more jobs, mildly accelerating wages, and lower fuel prices mean consumers are in pretty darn good shape.

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