Critical Reasoning (CR) | Re: Evaluate Revision: The downturn in the economy last year

An assumption is something that must be true in order for the argument to make sense. In other words, an assumption is a missing but necessary piece of evidence - something that the author is taking for granted.

Let's summarize the argument in our own words (always a good idea on assumption/str/wkn questions):

Concl: people aren't cutting back on spending.

Evid: no extra money in savings accounts.

So, the author is basing the conclusion that people are spending just as much on the fact that
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