How does consumer debt affect the economy 2024?
I'll answer
Earn 20 gold coins for an accepted answer.20
Earn 20 gold coins for an accepted answer.
40more
40more
Studied at the University of Amsterdam, Lives in Amsterdam, Netherlands.
Consumer debt begins to negatively affect the health of the economy when it forces consumers to spend less. This is why some governments do everything they can to encourage consumer spending (and borrowing), including lowering taxes and lowering interest rates.
2023-05-10 09:37:23
评论(499)
Helpful(122)
Helpful
Helpful(2)

Lucas Patel
QuesHub.com delivers expert answers and knowledge to you.
Consumer debt begins to negatively affect the health of the economy when it forces consumers to spend less. This is why some governments do everything they can to encourage consumer spending (and borrowing), including lowering taxes and lowering interest rates.