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Title: 2007 Housing Slump

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Subject: Social Issues
Author:
Date: May 21, 1999
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Length: 2 / 559
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With a lower economic income, it is less likely for families to purchase homes, which is a huge investment, when they can simply rent. Unemployment and rising inflation reinforce the affects on consumer spending. Less people with jobs, means less money to spend...

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Less people with jobs, means less money to spend. Inflation leads to a reduced economic income, which means the ability to actually buy goods has diminished. A decline in consumer purchases is also a characteristic of recession and should be seen as a concern...

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