In a weak economy, consumers are likely to do which of the following?

Question

Multiple select question.

Feel insecure in their jobs

Be more likely to borrow money

Be less likely to spend money

Be more likely to spend money

Feel secure in their jobs

Answer 1

In a weak economy, consumers are likely to do the following:

• Feel insecure in their jobs
• Be less likely to spend money

Consumers tend to become more cautious during economic downturns, which often leads to reduced spending and increased job insecurity concerns.