American consumers are facing continuing high debt and barely improving unemployment. Will they be able to support the burgeoning economic recovery? Consumer debt has fallen in the last 2.5 years but it has primarily been due to defaults. In this recovery, it is reasonable to expect consumers to be more wary about accruing debt. It is unlikely that consumers will provide enough demand to stimulate a recovery in and of themselves. The consumer debt situation seems unlikely to improve for the time being.
An answer would seem to lie in individuals finding their own solutions to unemployment. There continues to be a need for innovative services an products. Exploring entrepreneurial opportunities is a way of supporting growth in the long-term rather than the short-term effects of consumerism. Over time entrepreneurs provide job growth and demand for services and products. The added benefit of empowered and engaged individuals is transformative.
Number of the Week: Household Debt May Be Accelerating Again - http://pulsene.ws/15BVk
An answer would seem to lie in individuals finding their own solutions to unemployment. There continues to be a need for innovative services an products. Exploring entrepreneurial opportunities is a way of supporting growth in the long-term rather than the short-term effects of consumerism. Over time entrepreneurs provide job growth and demand for services and products. The added benefit of empowered and engaged individuals is transformative.
Number of the Week: Household Debt May Be Accelerating Again - http://pulsene.ws/15BVk
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