Consumption

America's Cars and Appliances Are Getting Old

By on December 13, 2012

Consumption

America's Cars and Appliances Are Getting Old

The average age of cars, appliances, and furniture owned by U.S. households is at its highest in almost half a century. At some point consumers will have to replace these items. That wave of spending should help pump up the U.S. economy.

Wilson is Chart of the Day columnist for Bloomberg News in New York.
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