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Essay heading: US Economy
 
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Issue: Business
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Date added: January 30, 1997
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No of pages / words: 3 / 725
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The increase in disposable income is another contribution to the recovery of the economy no matter it is saved or spent because it will help improve the real standard of living. According to the forecast, nominal disposable income on per capital basis is expected to increase at an average annual rate of 4...
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This would improve the growth of about two-third of overall economic activities. According to Bureau of Labor Statistic, personal consumption spending is expected to grow at an average annual rate of 2.8% from 2002 to 2012. Major contributors are consumer spending on durable goods such as cars and light trucks which was the most outstanding during the past few years and consumer purchases of health care services due to the growing in elderly population and the advancement in medical technology (http://www...
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