Holiday Spending Guide for a New Economy

If you are watching the stock market, listening to the politicians in charge, and reading the popular press, maybe you are starting to build some confidence in our economy. After all, there is nothing wrong with having some optimism during difficult times. The important question is what you do with that optimism. The politicians in charge and retailers want you to convert that optimism into spending. Mr. ToughMoneyLove has different ideas. Read more

A Brief History of Generational Spending

Gallup published its survey of average daily spending by U.S. adults, according to their generation and annual household incomes. The results are interesting but not altogether surprising. Read more

Stop the Calls for Consumer Spending Stimulus Packages

Stimulus Talk – The Sequel 

The politicians are at it again.  Apparently forgetting the complete failure of this past summer’s “stimulus” program, our fearless leaders are determined to put even more of our tax dollars in the hands of even more consumers, so that they can promptly spend it.  Economic genius Nancy Pelosi and her friends have designed a new middle class “stimulus” plan to do just that.  This is populist craziness because it ignores the economic data showing that excessive consumer spending is what got us into this mess to begin with. Read more