How are the Economics of the Individual?

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How are the Economics of the Individual?

The Harvester

11/07/24

68% of US GDP is personal consumption. Therefore, the economics of the individual is critical to the economy. If spending is reduced because of excess debt or higher interest rates, it could have a negative effect on the US economy.

Written by

James E. Gore, CFA®, CAIA, CMT®

Jim serves as the Chief Investment Officer of THOR, is a Chartered Financial Analyst charter-holder, a Chartered Alternative Investment Analyst, a Chartered Market Technician, a member of the Association for Investment Management and Research and a member of the Cincinnati Society of Financial Analysts.

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How are the Economics of the Individual?