A bubble in auto sales is nothing new.
However, the current auto bubble is not the first time that a bubble has popped.
In fact, the 2008-2009 auto crash was a significant event that sparked a wave of consumer spending in the United States.
The next bubble was caused by the financial crisis in 2008.
And the current bubble is also a reflection of a rapidly changing economy.
So how do you spot a trend?
How to track a bubble?
Here’s what you need to know about bubbles.1.
How big is the current consumer spending boom?
Consumer spending is the mainstay of a healthy economy.
The Bureau of Economic Analysis (BEA) recently reported that consumer spending increased 1.3% in 2016, up from 0.7% in 2015.
This year, this growth will likely be even higher as we enter a time of slow economic growth.
Consumer spending accounts for nearly half of the U.S. economy.2.
How much is this consumer spending?
Consumers spend an average of $1,824 per household, or $4,100 per month.
This is about $6,000 per household.3.
What do we call this consumer activity?
Consumer spending is a complex mix of spending on goods and services and consumer credit.
The BEA defines consumer spending as the “total expenditures by households” for a given year.
Spending includes salaries, health care, retirement accounts, education, travel, and so on.4.
What are the drivers of consumer debt?
Consumer debt is a term that is often used interchangeably with household debt.
While the term household debt is often a synonym for credit, it is a broad term that includes all types of debt.5.
What happens when consumer spending grows?
As we enter the consumer debt boom, the economy expands and consumer spending increases.
In 2017, the average household will have $1.8 million in debt.
Households with a mortgage owe about $4.7 million.
Household spending on home repairs will rise about 6.7%, or $2,900 per month, as we transition to a new financial system.
The consumer debt bubble will be a significant drag on consumer spending.6.
How is this debt going to affect future growth?
While consumer debt is the primary driver of growth, other factors will also be affecting growth.
Higher interest rates will reduce consumer spending and the economy.
Higher inflation will reduce spending.
Higher wages will reduce productivity and the workforce.
Higher productivity will also affect consumers.
The economy will grow more slowly as a result of this debt boom.7.
What does this mean for the U