Death comes to us all. Life's but a walking shadow | I thought we might see some of that money reflected in a decline in consumer debt but the latest figures from the Fed (for Nov) don't show that. There has been a very modest increase in per capita revolving debt of about $6( $923 to $929.) In addition there was a small increase of about $15 per capita in non-revolving loans ($2573 to $2588). So people aren't paying down their loans.
Zenfarm, you very well may be correct that the lose of income in the oil patch may offset the gains of the rest of the country but I think most people would agree here in the Northeast are saving quite a bit, not just from lower gas prices but lower heating costs as well due to the warm winter. |
Nebfarmer, Since your topic below was so .....
