The Effect of Reagan Tax Cuts on Consumer Spending

Abstract: A 7 page essay on the effects of consumer behavior in response to Ronald Reagan's economic policies. Immediately after taking office in 1981, he began instituting a series of economic policies that came to be known as 'Reaganomics.' For the eight years immediately preceding the Reagan era, there was no growth in real household income. For the eight years following the time of his administration, there has been a decline in that income of over $1,400 a year. During the Reagan years, however, real income rose a full 10% over the period, giving the American worker more discretionary income than they had known since the 1960's. Five footnoted references; no bibliography.

Filename: Reagan.wps

Pages: 7

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Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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