Posted by Leonard Steinberg on August 3rd, 2011

$4,200 is now the average amount carried by Americans on their credit cards…..that is down from over $ 11,000.00. That’s down rather dramatically. To me it means that should consumer confidence return, spending could rise nicely….and lets face it, this economy needs and relies on spending more than anything. Once that happens it would fuel employment, and the fewer people uemployed and working, producing tax dollars, not being paid by the Fed…and spending….the better life will be here. You have to dream….