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 5.5 percent.
E)exploded to nearly 10 percent.

Question

Quizplus · Accepted Answer

Recent data on consumer expenditures indicate that the savings rate of U.S.consumers has risen to approximately 5.5 percent.

Recent Data on Consumer Expenditures Indicate That the Savings Rate