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Economic Commentary

Is the Consumer Overextended?

In November, the current economic expansion attained the ripe old age of 48 months. It has lasted longer than six of the other eight post-World War II expansions. Given its relatively advanced age, analysts have wondered how much longer it can last before it ends in recession.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This paper and its data are subject to revision; please visit for updates.

Suggested Citation

Kowalewski, Kim J. 1986. “Is the Consumer Overextended?” Federal Reserve Bank of Cleveland, Economic Commentary 11/15/1986.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International