The U.S. saving rate is
A) higher than that of most major countries.
B) low.
C) rapidly increasing.
D) negative.

Question

Quizplus · Accepted Answer

The U.S. saving rate has been historically low and is currently around 7%, which is lower than the global average of 10-12%. Option A is incorrect as the saving rates of countries like China, Germany, and Japan are higher than that of the U.S. Option C is incorrect as the U.S. saving rate has not been rapidly increasing. Option D is incorrect as the U.S. saving rate has not been negative, although it did briefly dip below zero during the 2008 financial crisis.

The U.S. Saving Rate Is