We Will Never Learn...

Bad news: Real (inflation-adjusted) personal income is barely growing (at least it's no longer receding as it was during the recent recession).

Bad news: Consumer debt is growing again.

Bad news: People are savings less after a short period of hope (one month, Dec. 2011).

Source: http://research.stlouisfed.org/fred2/data/PSAVERT.txt
Source: http://www.zerohedge.com/news/american-spending-goes-overdrive-savings-plunge-2008-levels
Source: http://www.zerohedge.com/news/guest-post-chart-decade