How Are Consumers Able to Keep Spending?

Yep, consumers continue not only to spend, but to increase their spending in most months. Here’s the latest data:

Over the past 12 months, total consumer spending has increased 4.5 percent. I hear people say that consumers are maxed out on credit, no longer can dip into housing equity, and don’t have jobs. So how can they spend?

Keep in mind, first of all, that our 9.1 percent unemployment rate works out to a 90.1 percent employment rate. Double check my math if you like.

via Businomics Blog: How Are Consumers Able to Keep Spending?.