Consumer confidence is impacted by debt levels from "summary" of House of Debt by Atif Mian,Amir Sufi
Consumer confidence is a crucial driver of economic activity. When consumers feel optimistic about the future, they are more likely to spend, invest, and take risks. On the other hand, when consumer confidence is low, spending and investment tend to decline. Debt levels have a significant impact on consumer confidence. High levels of debt can make consumers feel vulnerable and uncertain about their financial future. This can lead to a decrease in consumer confidence, as individuals may become more cautious about their spending and investment decisions. In times of economic u...
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