Which of the following is NOT a factor that affects consumption spending?

Consumption spending is primarily influenced by factors that directly impact consumers’ ability and willingness to spend. Current income is a key determinant, as it reflects the resources available to consumers at any given time. Similarly, future income expectations can shape spending behavior; if consumers anticipate a rise in their income, they may increase their current spending due to a perception of greater financial stability. Disposable income, which is income after taxes, is crucial as it represents the actual funds available for consumption.

Government regulation, while it can influence the overall economic environment and certain markets, does not have a direct and immediate impact on individual consumption spending. Regulations can affect prices, availability of goods, and the overall business climate, but they do not directly determine how much money a consumer has to spend or how they choose to allocate their resources on a personal level. Thus, it is not a primary factor affecting consumption spending in the same way that the other options are.