Originally Posted by frosst

most americans dont know how to manage money, and are bad at managing debt, which is why they are having issues making ends meet. so yes consumer confidence isn't the greatest, as for the economy, our gdp increased in the first quarter. in other words, the output of goods and services produced by labor and property
located in the United States increased. That doesn't happen in a depression. We aren't in a depression. And, we aren't really in a recession. Americans haven't stopped spending money, they have just switched what they spend their money on. Less entertainment, material goods; more on basic necessities and debts incurred from uninformed decision making when banks were "LIKE OMG HERE HAVE A LOAN I DONT CARE WHAT YOUR CREDIT IS..........but the interest rate is variable, or only fixed for x months/years"