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.
Read more here: http://www.nytimes.com/2014/02/01/business/economy/incomes-are-flat-but-consumer-spending-rises.html?_r=0
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.
