How does consumer debt affect the economy 2024?

Zoe King | 2023-05-07 09:37:23 | page views:1429
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Harper Bell

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

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.
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