The average of all durable U.S. consumer goods is now nearly at 4.5 years. That's up from less...

|By:, SA News Editor

The average of all durable U.S. consumer goods is now nearly at 4.5 years. That's up from less than 4 years before the financial crisis, and could fuel a pickup in consumer spending ... assuming the age increase doesn't reflect a "new normal" in a time of high unemployment and stagnating real wage growth. The average age of cars on the road is now above 4 years, compared with 3.5 years around 2000 and less than 3 years in the '80s.