家庭财富的巨大损失、在不可持续的债务水平上的去杠杆化过程、疲软的工资增长以及劳动收入占国民收入比重降至历史低点，这些因素形成的合力约束了消费增长。
Large losses in household wealth, deleveraging from unsustainable debt, weak wage growth, and a decline in labor’s share of national income to a historic low have combined to constrain consumption growth.