David Morgan: US Consumers Are Tapped-Out

The US Consumer is tapped-out, but they’re still spending like there’s no tomorrow, and they’re shopping with money they don’t have. David explains…

by David Morgan from The Morgan Report

U.S. Consumers Are Tapped Out – https://www.themorganreport.com.

Look around you… U.S. Consumers Are Tapped Out. Watch our weekly perspective to see why U.S. Consumers Are Tapped Out.

The Great Depression fundamentally changed attitudes about spending and saving.

So did the Great Recession of 2008.

But has that stopped us from spending like there is no tomorrow?

In short… no!

Fast-forward to today and consumers are still shopping with money they didn’t have.

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