David Zeiler — America's Most Disturbing Economic Fact Today

There's a question no one wants to ask, but it's time we do:

What happens to the U.S. economy if American consumers get so financially strapped that they stop spending money?

You see, it's a well-known fact that 70% of the U.S economy depends on consumer spending. If consumer spending slips, it will weaken the U.S. economy, which means lower earnings - and lower stock prices.

And the household income trends that I'm about to show you suggest that this vital pillar of the U.S economy has some serious cracks in it...

EconMatters
America's Most Disturbing Economic Fact Today
David Zeiler for Money Morning

Remember when the US consumer was driving the global economy — on credit?