Part 3/11:
In examining broader economic indicators since the turn of the century, real personal consumption growth in the United States has averaged 2.5%. Interestingly, by the second half of 2023, this figure had escalated above 3%, maintaining significant consumer engagement despite higher interest rates and fluctuating inflation. Consumer expenditure comprises nearly 70% of U.S. GDP, demonstrating the substantial role of Americans in not only driving the national economy but also shaping global markets.