How did the Great Depression affect consumer spending?

History The Great Depression Questions



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How did the Great Depression affect consumer spending?

The Great Depression significantly impacted consumer spending. As unemployment rates soared and wages decreased, individuals and families had less disposable income to spend on goods and services. This led to a sharp decline in consumer spending as people prioritized basic necessities over luxury items. Many businesses suffered as a result, leading to further job losses and a vicious cycle of economic decline.