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