The Young Research Affluence Index has outperformed the Young Research Discount Goods Index by 100% since the economic recovery began. Our chart indicates that the economic recovery has still not reached low and middle income consumers.
This is the first installment of Clippings, a new feature from Youngresearch.com. In Clippings we'll periodically post articles on markets, economics, finance, investments, and anything elese we find that we think you ought to know.
Historically, housing recoveries follow a V-shaped trajectory. Even with significant government support, the current housing recovery, appears to be taking more of a U-shaped path. A healthy skepticism on the pace of a housing recovery remains warranted.