What going to happen in the economy in 2015?
December 16, 2014
Will 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:
- GDP growth will be roughly 3 percent.
- Unemployment will reach 5 percent.
- Wages will increase 3 percent.
- The S&P 500 will hit 2,250.
- Auto sales will top 17 million.
- Home sales will post modest increase.
- Oil will fall to $50 a barrel.
- Interest rates will remain near record lows, despite shift in fed policy.
- U.S. consumers will rack up at least $60 billion in credit card debt.
- Entrepreneurship rates will rise slowly.
- 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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