Money Anxiety Index Shows Customers Are Not Worried About Recession

Money Anxiety Index Shows Customers Are Not Worried About Recession - https://smallbiztrends.com Avatar Posted by lyceum under News
From https://smallbiztrends.com 103 days ago
Made Hot by: steefen on September 2, 2019 1:53 pm
The U.S. economy is driven by consumer spending, which makes up close to 70% of the Gross Domestic Product (GDP). Even though the economic indicators are solid at the moment, the slightest apprehension by a small number of consumers can dramatically change the economic outlook.
Dr. Dan Geller, a behavioral economist and the developer of the Money Anxiety Index, makes this very point. Geller says a 5% reduction in spending comes out to 3.5% of the U.S. GDP. This amounts to more than the projected GDP for 2019.





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