Figure 16.7: Personal Savings Rates
(Source: Federal Reserve Economic Data, St. Louis Federal Reserve)
-Your high school economics teacher recently saw the graph of personal savings rates above. She knows you are taking economics in college and is curious to hear your opinion about what is causing the general trends in savings rates from 1990-2010. What do you tell her?

Question

Figure 16.7: Personal Savings Rates 
 (Source: Federal Reserve Economic Data, St. Louis Federal Reserve)
-Your high school economics teacher recently saw the graph of personal savings rates above. She knows you are taking economics in college and is curious to hear your opinion about what is causing the general trends in savings rates from 1990-2010. What do you tell her?

Quizplus · Accepted Answer

The Answer of Figure 16.7: Personal Savings Rates 
 (Source: Federal Reserve Economic Data, St. Louis Federal Reserve)
-Your high school economics teacher recently saw the graph of personal savings rates above. She knows you are taking economics in college and is curious to hear your opinion about what is causing the general trends in savings rates from 1990-2010. What do you tell her?