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Decreased consumer spending following the US recession will decrease the interest charges on credit card balances. Higher savings rates will hurt sales, especially for companies that rely on discretionary income. As sales decrease in one sector of the economy, unemployment will accelerate and cause even less money to be available to spend by the recently unemployed workers.

Consumer spending will continue to decrease until consumers are convince that jobs and other measures of future income are more stable. … This statements will have a short-term negative impact on this entity, which subtracts from its value.