Recent data on consumer expenditures indicate that the savings rate of U.S. consumers has
A) declined to 13 percent.
B) remained flat at 0.5 percent.
C) fluctuated minimally around 2 percent.
D) risen to 7.5 percent.
E) exploded to nearly 10 percent.

Question

Quizplus · Accepted Answer

Recent data suggests that the savings rate of U.S. consumers has risen to 7.5 percent, reflecting a trend of increased savings.

Recent Data on Consumer Expenditures Indicate That the Savings Rate