Among the factors that have a negative impact on savings in the United States is the
A) tax system.
B) structure of our welfare programs.
C) fact that colleges give less in financial aid to students whose families have savings.
D) all of the above

Question

Quizplus · Accepted Answer

All of the factors listed have a negative impact on savings in the United States. The tax system can discourage saving by taxing interest and investment income. The structure of welfare programs can create disincentives for saving by reducing benefits as income and assets increase. Colleges giving less financial aid to students with savings can discourage families from saving as they may see little benefit from doing so.

Among the Factors That Have a Negative Impact on Savings