In the United States the level of savings is about
A) 50% of income earned.
B) 25% of income earned.
C) 4.5% of income earned.
D) less than 1% of income earned.

Question

Quizplus · Accepted Answer

According to the Bureau of Economic Analysis, the personal saving rate in the United States was 4.5% in 2020. This means that on average, Americans are saving less than 5% of their income. Therefore, option C is the correct answer.

In the United States the Level of Savings Is About