Question details

BUSN380 Week 3 Threaded Discussion – Hazardous to Your Health & Credit Card Balances (1)
$ 15.00

According to Bloomberg Businessweek, the rise in bankruptcy filings is largely attributable to the combination of rising consumer debt and low savings rates. As consumers spend more and save less, the potential for crippling debt rises significantly. Moreover, if consumers do start spending less, this may have a negative impact on investments in business, another key factor in economic recovery. Poor consumer spending habits are further exacerbated by the shaky employment situation.

Available solutions