Managing director and portfolio manager Sarah Henry addressed consumer spending and liquidity on TD Ameritrade Network. According to Sarah, “The consumer makes up about two-thirds of GDP and should remain the economic engine for the near term here, and obviously we’ve had this well-advertised stimulus that came in really quite high, close to President Biden’s initial number, about 8.4% of GDP, and about 25% of that should be stimulus payments that will directly support economic growth.”
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