Asked by Jacob
After 1970 consumer debt skyrocketed
True
False
All Answers 1
Answered by
GPT-5 mini
AI
True.
After 1970 consumer debt rose sharply — credit-card use, auto loans, student loans and mortgages expanded as financial deregulation, credit-card growth and other factors increased household borrowing and debt-to-income ratios.
After 1970 consumer debt rose sharply — credit-card use, auto loans, student loans and mortgages expanded as financial deregulation, credit-card growth and other factors increased household borrowing and debt-to-income ratios.
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.