Increased borrowings cost

• Decrease in net profits• Increasing cost of

medical facilities• Social security• Credit unavailability

•The debt ceiling for US stands at $14.249 trillion.

• Loans have become difficult for small businesses.

• Government expenditures has also significantly decreased in regard to benefits or provisions.

Low Consumer Spending.

• Inflation spurs a rise in savings by the citizens of a nation.

• High mortgage payments have already bankrupted a part of the population and others still struggle with low incomes.

• Lack of jobs and lower income.

• Lack of confidence of consumer in the stability of economy in future.