Sharp decline in consumer spending
Sharp decline in consumer spending on houses, autos and other durables.
Immediately related elementsHow this works
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The Global Financial Crisis »The Global Financial Crisis
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Potential consequences of the financial crisis? »Potential consequences of the financial crisis?
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US faces severe recession »US faces severe recession
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Sharp decline in consumer spending
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Consumers start to become net savers again »Consumers start to become net savers again
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Many homeowners will default on mortgages and loans »Many homeowners will default on mortgages and loans
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Sharp decline in consumer lending »Sharp decline in consumer lending
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