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Slow consumer spending a concern?

Jonathan Horn, U-T SAN DIEGO

Friday, May 15, 2015

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Kelly Cunningham, National University System
Answer: YES

Despite job numbers recovering, average wages have not. Jobs added are often not as well-paying and part-time or temporary. Record numbers of Americans 16 years and older are also not participating in the labor force, meaning they neither have a job nor actively seek one. The latest labor force participation rate of 62.7 percent is a 37-year low. Less income, maxed out credit, rising health insurance costs, and elevated taxes are keeping consumer spending down.