[ContraryMary]

I often hear the mantra that "only low-paying service jobs" are being created. But the dramatic growth in these sectors infer that there are a whole bunch of people who are buying things, going out to restaurants and on top of that, having additional money to go bar-hopping.

Where are those people coming from?

It's not more people spending; it's people spending more -- their retirement savings, for example.

[Mase]

It's not more people spending; it's people spending more -- their retirement savings, for example

The old we're drowing in debt argument. This will be a hard line for you to prove in light of the incredible increases in family net worth (family assest minus debt) in the country. The Fed actually tracks that information. You can find it here - Page 110 of 124

[Mase]

It's not more people spending; it's people spending more -- their retirement savings, for example

The old we're drowing in debt argument. This will be a hard line for you to prove in light of the incredible increases in family net worth (family assest minus debt) in the country. The Fed actually tracks that information. You can find it here - Page 110 of 124