Economics
Aging U.S. Autos, Appliances May Aid Economy: Chart of the Day
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Americans may soon start buying more cars, appliances and other items because the ones they own are the oldest in almost half a century, according to Neil Dutta, Renaissance Macro Research LLC’s head of U.S. economics.
The CHART OF THE DAY displays the average age of so-called consumer durable goods, as compiled by the Commerce Department since 1925. Dutta referred to the annual figures in a note to clients yesterday.