For years, we heard what a low savings rate America has and how we should have X months savings in reserve. So now this is a problem?
https://www.thebalance.com/consumer-spending-definition-and-determinants-3305917 Consumer spending is what households buy to fulfill everyday needs. This private consumption includes both goods and services.1 Every one of us is a consumer. The things we buy every day create the demand that keeps companies profitable and hiring new workers.2 Almost two-thirds of consumer spending is on services, like real estate and health care. Other services include financial services, such as banking, investments, and insurance. Cable and internet services also count, and even services from non-profits.
Everything we do is a problem. How would the MSM survive if they couldn’t report problems?