Despite Inflation Concerns, Consumer Spending Stays Strong with Steady Income Growth
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Bankruptcy rates remain low compared to historical levels, so bankruptcy fears may be overblown.
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Inflation has ticked up but is not yet at concerning levels over the long-term. Need to watch if it impacts consumer spending.
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Consumer spending has continued to grow steadily when accounting for inflation.
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Americans' real disposable income has risen faster in recent years than historical averages.
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Closed-end funds like General American Investors remain attractively valued and pay high yields, providing good income options.