Survey of Consumer Finances: Consumers Are Fine

We draw important insights from aggregate macroeconomic statistics.  But we must bear in mind that macro trends are comprised of millions of microeconomic experiences.  Questions like “How is the U.S. consumer doing?” are hard to answer concisely.  We know trends in aggregate, but we can’t speak for each of the 330 million people those statistics represent.  Reports that give greater detail are thus highly illuminating.