Consumers' spending patterns since the Great Recession include ________.
A) spending freely, without caution
B) buying less and looking for greater value in what they buy
C) amassing record levels of debt
D) experiencing rapid increases in housing values
E) participating in a booming stock market

Question

Quizplus · Accepted Answer

Since the Great Recession, consumers' spending patterns have shifted towards buying less and looking for greater value in what they buy. This is because the recession had a significant impact on the economy, leading to job losses, reduced income, and decreased consumer confidence. As a result, consumers became more cautious about their spending and focused on finding ways to save money. This has led to an increase in discount retailers and value-oriented businesses. Additionally, consumers have become more focused on paying down debt and saving money rather than amassing record levels of debt. Rapid increases in housing values and participating in a booming stock market have not been consistent trends for all consumers since the Great Recession.

Consumers' Spending Patterns Since the Great Recession Include ________