Not really, no. While consumer spending and credit increased steadily at the end of 2013, wages and salaries showed no growth. 2013 was a terrible year for income growth. “For all of 2013, income growth was 2.8%, the weakest performance since 2009, when income fell 2.8% as the country struggled with a deep recession.” Employment growth is slowing down and stagnating. None of these things are good signs for the everyday consumer.
If your income is stagnating or your employment circumstances have changed and you can’t seem to manage all of the debt that is on your plate, then consult with a debt settlement attorney who can help you reduce your debt obligations and stay within your budget.
Latest posts by Kevin Fallon McCarthy (see all)
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- Rise of the Jumbo Student Loans - March 17, 2018