Question

What effects did the post War Era have on consumer borrowing?

Answer 1

After the war, consumers were borrowing even though they didn't need to. They did this because they figured their money would further grow as time progressed, and they were right! Borrowing money became a standard thing to do.

Answer 2

Many other economic magnitudes have risen sharply in the years since World War II, including population, employment, income, assets, and wealth. Consumer credit has also grown in the postwar era. This means that consumers were borrowing. The reason is because they realized their money would further grow as time progressed.