One reason consumers were able to assume an increasing amount of household debt during the 2000s is because:

Question

Quizplus · Accepted Answer

Interest rates were historically low during the 2000s, making it easier for consumers to borrow money and assume more household debt. Low interest rates mean lower borrowing costs and lower monthly repayments, which can make borrowing more affordable for consumers. This was a contributing factor to the increased household debt during this period.

One Reason Consumers Were Able to Assume an Increasing Amount