If you are like most Americans, you feel better this year, but there is still a nagging doubt in the back of your mind, “is this as good as it gets?” True, the economy has picked up, spending is up, the recession is no more, but we are still feeling the pinch. How shall we shop for Christmas this year?
We did some digging to find out how much has changed and how much has stayed the same.
The following figures provide some context for the economic growth since before the recession until after, with per capita GDP not yet recovered to pre-2008 levels:
The gross domestic product increased from $13.3 trillion in 2007 to $15.1 trillion in 2012.
GAFO retail sales seem to be slowly recovering from the recession, and consumers are spending again. Consumer confidence is back up to about 73 percent of what it was in 2006…
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