If you're looking for the U.S. consumer to pull us out of our economic doldrums, don't bother....

|By:, SA News Editor

If you're looking for the U.S. consumer to pull us out of our economic doldrums, don't bother. According to a recent study, the ratio of household debt to personal income still remains at a staggering 154%, only 7.5 percentage points lower than its pre-recession peak. What's to blame for the slow pace of deleveraging? Persistently high unemployment, stagnant wages, high commodity prices and overall stock market volatility not seen since 2008. (Report)