Register
Why did american consumers cut back on borrowing and spending after 2008?
161k views
2 votes
Why did american consumers cut back on borrowing and spending after 2008?

User Aknd
by
8.0k points

1 Answer

6 votes
I believe it is because the housing market crashed that year and people were scared it could happen again or they were not financially stable.
User Jtallk
by
7.9k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

What goal of the constitution was also a goal of the Magna Carta?
Who made dutch claims in north america?
What was an effect of nationalism in Europe in the early 1900s?
What were the positive and negative effects of Egypt being imperialized by Britain.
Why  might  things far away  and  long  ago  be   important   to  us now.
Link Copied!