In the United States,households were saving about ________ of their income in the mid 1980s,and by 2005,saving ________.

Question

Quizplus · Accepted Answer

In the mid 1980s, households were saving about 10 percent of their income. However, by 2005, saving dropped to about 1 percent due to factors such as higher debt levels and lower interest rates. Therefore, option B is the correct answer. Option A and D are incorrect because they show unrealistic high levels of savings, and option C is incorrect because households cannot save a negative percentage of their income.

In the United States,households Were Saving About ________ of Their