GREAT: US Retail Sales Increase Strongly...

[Thinker101]

In other good news, US household debt is up to $13.29 trillion, because most Americans live the same way the government operates, in the red.

The level of U.S. consumer debt was $618 billion higher than the previous peak of $12.68 trillion in the third quarter of 2008. It was 19.2 percent above a post global credit crisis low set in the second quarter of 2013, the New York Fed said.

U.S. household debt rises to $13.3 trillion in second quarter

They seem to have more disposable income. That's a good thing.

If they had more disposable income debt would not be rising. What they have is more debt, not more disposable income

No kidding, didn't realize you were an expert on how people should spend their own money...oh, wait, you're a liberal....never mind.

No, you are the liberal. I am the one with a brain. Do try and keep up.

Yup, all you got to do is use it once in a while...dumbass.

 

[Harpy Eagle]

In other good news, US household debt is up to $13.29 trillion, because most Americans live the same way the government operates, in the red.

The level of U.S. consumer debt was $618 billion higher than the previous peak of $12.68 trillion in the third quarter of 2008. It was 19.2 percent above a post global credit crisis low set in the second quarter of 2013, the New York Fed said.

U.S. household debt rises to $13.3 trillion in second quarter

They seem to have more disposable income. That's a good thing.

If they had more disposable income debt would not be rising. What they have is more debt, not more disposable income

No kidding, didn't realize you were an expert on how people should spend their own money...oh, wait, you're a liberal....never mind.

No, you are the liberal. I am the one with a brain. Do try and keep up.

Yup, all you got to do is use it once in a while...dumbass.

Still waiting on you to give that a try and give up on big government.

 

[EvilCat Breath]

Democrats are just going to lie anyway.

 

[initforme]

While this is a good thing....the cost of health care is rising much faster so that disposable income goes to those costs. Now THAT the mandate for healthcare is gone Americans are waiting for the cost of high quality insurance to drop majorly as promised.

 

[Harpy Eagle]

While this is a good thing....the cost of health care is rising much faster so that disposable income goes to those costs. Now THAT the mandate for healthcare is gone Americans are waiting for the cost of high quality insurance to drop majorly as promised.

Why would the mandate going way drop the cost?

 

[Correll]

In other good news, US household debt is up to $13.29 trillion, because most Americans live the same way the government operates, in the red.

The level of U.S. consumer debt was $618 billion higher than the previous peak of $12.68 trillion in the third quarter of 2008. It was 19.2 percent above a post global credit crisis low set in the second quarter of 2013, the New York Fed said.

U.S. household debt rises to $13.3 trillion in second quarter

They seem to have more disposable income. That's a good thing.

If they had more disposable income debt would not be rising. What they have is more debt, not more disposable income

They could have both.

 

[Mr Natural]

Great!

So workers are pissing away their money on a lot of useless shit rather than saving and investing so that one day they can tell the boss to go fuck himself.

 

[Harpy Eagle]

In other good news, US household debt is up to $13.29 trillion, because most Americans live the same way the government operates, in the red.

The level of U.S. consumer debt was $618 billion higher than the previous peak of $12.68 trillion in the third quarter of 2008. It was 19.2 percent above a post global credit crisis low set in the second quarter of 2013, the New York Fed said.

U.S. household debt rises to $13.3 trillion in second quarter

They seem to have more disposable income. That's a good thing.

If they had more disposable income debt would not be rising. What they have is more debt, not more disposable income

They could have both.

The higher their debt the more of their disposable income goes to just maintaining the debt, let alone trying to pay it off.

Our citizens are mirroring what they see the Govt do...live beyond its means.

 

[Correll]

In other good news, US household debt is up to $13.29 trillion, because most Americans live the same way the government operates, in the red.

The level of U.S. consumer debt was $618 billion higher than the previous peak of $12.68 trillion in the third quarter of 2008. It was 19.2 percent above a post global credit crisis low set in the second quarter of 2013, the New York Fed said.

U.S. household debt rises to $13.3 trillion in second quarter

They seem to have more disposable income. That's a good thing.

If they had more disposable income debt would not be rising. What they have is more debt, not more disposable income

They could have both.

The higher their debt the more of their disposable income goes to just maintaining the debt, let alone trying to pay it off.

Our citizens are mirroring what they see the Govt do...live beyond its means.

But that does not explain the increase retail sales.

 

[initforme]

Healthcare availability to those low wage earners is going to be a huge issue coming up. I have faith that trump will create prices that are half of what they are now.

 

[Harpy Eagle]

In other good news, US household debt is up to $13.29 trillion, because most Americans live the same way the government operates, in the red.

The level of U.S. consumer debt was $618 billion higher than the previous peak of $12.68 trillion in the third quarter of 2008. It was 19.2 percent above a post global credit crisis low set in the second quarter of 2013, the New York Fed said.

U.S. household debt rises to $13.3 trillion in second quarter

They seem to have more disposable income. That's a good thing.

If they had more disposable income debt would not be rising. What they have is more debt, not more disposable income

They could have both.

The higher their debt the more of their disposable income goes to just maintaining the debt, let alone trying to pay it off.

Our citizens are mirroring what they see the Govt do...live beyond its means.

But that does not explain the increase retail sales.

The rise in retail sales corresponded with the rise in debt. Instead of saving for a rainy day people are leveraging their tomorrow to buy shit today


Sent from my iPhone using USMessageBoard.com

 

[Harpy Eagle]

Healthcare availability to those low wage earners is going to be a huge issue coming up. I have faith that trump will create prices that are half of what they are now.

How is any POTUS going to cut the cost of healthcare in half?


Sent from my iPhone using USMessageBoard.com

 

[AzogtheDefiler]

I am curious is this secured or unsecured debt? Thank you.

From the article it seems both since it speaks of credit cards, student loans, auto loans and mortgages.

More folks having jobs, means more money being spent back into the Economy. And it looks like that's what's happening. The Debt issue is another issue all-together. You can't control how people choose to spend their money.

Just like debt is a problem for our government, it is a problem for our citizens. The fact that both the government and we as a people are adding debt at a time of an economic boom is not a good, long term phenomenon. All that debt is manageable during a boom like we are in now, but the boom will not last forever.

If it is secured debt or tuition I don't have a major problem with it. If it is stupid unsecured debt, I agree with you.

Debt is debt, when something comes crashing down it will not matter what kind it is.

No no it will. If I take out a home equity LOC, the repay is over 15 years at a fairly low rate. If I build up credit card debt, payments are higher at a much higher rate. Not apples to apples.

 

[my2¢]

Hopefully this is good news. Could it be folks are just trying to beat the tariff price increases, or perhaps the increase was due to tariff price hikes? I really haven't paid attention to the retail numbers; I'm more interested in the employment picture that has been pleasingly positive, especially since the tax cuts.

 

[Dschrute3]

They seem to have more disposable income. That's a good thing.

If they had more disposable income debt would not be rising. What they have is more debt, not more disposable income

I am curious is this secured or unsecured debt? Thank you.

From the article it seems both since it speaks of credit cards, student loans, auto loans and mortgages.

More folks having jobs, means more money being spent back into the Economy. And it looks like that's what's happening. The Debt issue is another issue all-together. You can't control how people choose to spend their money.

Love the avatar.

Ha, thanks.

 

[McRocket]

There is good news out there, folks. Don't allow Democrat Fake News to get you down. The sky isn't falling.


U.S. retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy remained strong early in the third quarter.

Economists polled by Reuters had forecast retail sales nudging up 0.1 percent in July. Retail sales in July increased 6.4 percent from a year ago.

July's increase in core retail sales suggested the economy started the third quarter on solid footing after logging its best performance in nearly four years in the second quarter.

GDP surged at a 4.1 percent annualized rate in the April-June period, almost double the 2.2 percent pace in the first quarter.

US retail sales increase strongly in July
DRUDGE REPORT 2018®

'The Commerce Department said on Wednesday retail sales increased 0.5 percent last month. But data for June was revised lower to show sales gaining 0.2 percent instead of the previously reported 0.5 percent rise.'

US retail sales increase strongly in July

So sales have risen 0.35% over the last two months. Big Deal.

AND...those are 'adjusted' numbers. The actual numbers (not adjusted) actually show a decline in retail sales over the last 2 months.

https://www.census.gov/retail/marts/www/marts_current.pdf (Table 1)

But whatever.