U.S. consumers are, more than ever, the envy of the world. While the global economy grapples with slow growth, U.S. consumer spending has prevented it from teetering on the cusp of collapse and may have single-handedly saved the Dow Jones Industrial Average in the process. Forget the FUD: Consumers are Pushing the Stock Market Higher Indeed, U.S. consumers are a force to be reckoned with, contributing the greatest share of the world’s GDP last year, at 18%. American shoppers alone did more for the expansion of the global economy than the whole of China’s GDP, which was a close second
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