The US economy is an intricate, delicate system that overwhelmingly relies on the spending by American consumers. In fact, in 2013, retail sales made up 35% of the US GDP that year and while it is not a majority of GDP, it still represents a significant chunk of the overall economy. Being that retail sales are such a key part of the US economy, it certainly is ideal to check in on the health of the consumer and determine an outlook. Specifically, we will be taking a look at credit card debt held by Americans for clues as to how the consumer is positioning themselves right now and what that could mean moving forward.
Americans back at 2012 levels...
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