Comment on Household Finances Still Fragile Six Years Post-Recession

Household Finances Still Fragile Six Years Post-Recession

Normal economic theory would predict that more income allows for more spending. But little about the most recent economic recovery has been very normal: A recent study conducted by the JP Morgan Institute suggests that even six years after the recession’s end, many families still feel so insecure about their finances that even when they make more money, they generally aren’t spending more.

 

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