With many economists lowering their U.S. GDP forecasts, Kathleen Madigan argues such tepid...

|By:, SA News Editor

With many economists lowering their U.S. GDP forecasts, Kathleen Madigan argues such tepid growth is the result of household fears over "deleveraging, falling wealth, and weak jobs prospects." As evidence, she notes an NPD survey in which 78% of consumers said they would spend the same amount or less this year compared with 2010.