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What going to happen in the economy in 2015?

MoneyStackWill 2015 be a good year for consumers economically?

WalletHub, a personal finance website, announced its 11 Economic Predictions for 2015 Wednesday. And, according to its predictions, next year looks fairly good, except for a big increase in consumer credit card debt.

WalletHub said its predictions are based in part on conversations with a panel of economics and finance specialists. WalletHub’s predictions include:

  1. GDP growth will be roughly 3 percent.
  1. Unemployment will reach 5 percent.
  1. Wages will increase 3 percent.
  1. The S&P 500 will hit 2,250.
  1. Auto sales will top 17 million.
  1. Home sales will post modest increase.
  1. Oil will fall to $50 a barrel.
  1. Interest rates will remain near record lows, despite shift in fed policy.
  1. U.S. consumers will rack up at least $60 billion in credit card debt.
  1. Entrepreneurship rates will rise slowly.
  1. Mobile banking will thrive.

To read the report, including a Q&A with those interviewed, visit:
http://wallethub.com/blog/2015-economic-predictions/9020/.

Copyright 2014, Rita R. Robison, Consumer Specialist

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