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What are the major factors that have affected U.S. household consumption since the recession in 2001?

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What are the major factors that have affected U.S. household consumption since the recession in 2001?

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  1. Household consumption has been flat or diminished.  Income and employment have been stagnant or declining.  Economic trends indicate minimal growth.

    Wars in Iraq and Afghanistan are a drain on human and material resources.

    Energy producers have increased the percentage of household budgets for utilities and fuel.

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