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Controlling The Economy With Interest Rates Does

Controlling the Economy with Interest Rates Does it Accomplish the Task on the Consumer Side?

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Title: Controlling the Economy with Interest Rates Does it Accomplish the Task on the Consumer Side?

Essay Details:

Subject: Business

Author: Shirley C

Date: August 25, 2017

Level: University

Grade: A

Length: 3 / 755

Essay text:

Today, people have the ability to spend more and more because of the increasing credit handed to consumers. Our Nation, from the individual to the Federal government has adopted a buy now and pay later philosophy. Not only do we now charge everything imaginable but today the average person only manages to save roughly 3% of their total income. The personal savings rate has decreased by 40% since 1985 while outstanding credit balances have increased by 60%. These peculiar habits provoked the following study in an attempt to determine, if indeed, fluctuation of U.S. interest rates affect the average consumer's spending habits...

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