The U.S. savings rate was one of the lowest among major industrial nations prior to the great credit crisis of 2007-09 because of the:
A) High proportion of young adults in the U.S. population
B) Large government budget deficits
C) Tax structure which favors consumption and borrowing over savings
D) All of the above
E) None of the above

Question

Quizplus · Accepted Answer

The U.S. savings rate was low due to a combination of factors including a high proportion of young adults in the population, large government budget deficits, and a tax structure that favored consumption and borrowing over savings.

The US Savings Rate Was One of the Lowest Among Major