CAMBRIDGE, Mass., Aug. 6 (UPI) -- Economic indicators show the U.S. economy moving toward recovery, but may not tell of struggles many face, Federal Reserve Chairman Ben Bernanke said Monday.
"Even though some key aggregate metrics -- including consumer spending, disposable income, household net worth, and debt service payments -- have moved in the direction of recovery, it is clear that many individuals and households continue to struggle with difficult economic and financial conditions," Bernanke, via prerecorded video, told the 32nd General Conference of the International Association for Research in Income and Wealth in Cambridge, Mass.