Growth of U.S. Personal Consumption, Income and Household Liabilities
The U.S. economy at over $14.0 Trillion is the largest economy in the world. However personal consumption accounts for most of the GDP. Since the late 1990s, the share of personal consumption in the GDP has been growing consistently and exceeded the long-term average of about 66%. In 2009 it peaked at 71% of the …
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