Introduction
The consumption tendency of developed societies changes when they experience a financial crisis. This paper discusses the consumption habits of developed societies during the period when they experience a financial crisis. The way that developed countries handle a crisis varies. While some nations may favor austerity measures, others may opt for more investments by the national government. It is of interest to me to analyze what takes place at the household level. Would families prefer to keep their funds in their savings account? Or would they continue spending their disposable income? If the citizens do not spend, the economies may have a hard ...
