Assess the state of individual American financial savings by the end of the 1920s.

Question

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By the end of the 1920s, the majority of American families had no savings whatsoever. This was largely due to the era of easy credit and installment purchasing, which allowed people to buy goods without having to save up for them beforehand. Additionally, many people invested heavily in the stock market, which proved to be a risky and unsustainable way of building wealth. The resulting financial instability contributed to the Great Depression that followed in the 1930s.

Assess the State of Individual American Financial Savings by the End