Consumer Spending Up, but Can Fast Growth Last?

Consumers spending last quarter increased at an annual rate of 2.6 percent, and this was the fastest consumption growth rate since the fourth quarter of 2006. This growth largely drove economic output to grow at an annual rate of 2 percent.
But there are reasons to worry that such fast-paced growth may not be sustainable.
First, consumers still have debt, and that debt is likely to decrease additional spending.
Additionally, job growth is slow. People cannot spend much more because their income isn't growing much.
Finally, consumers are more attracted to foreign-made goods. That means net exports were a drag on GDP.