In 2000s, low savings rates are attributed to:

Name: In 2000s, low savings rates are attributed to:
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Declining interest rates and increased refinancing of the mortgages led people to spend rather than save. Low interest rates made it less attractive to save money in banks, and many homeowners took advantage of lower interest rates to refinance their mortgages, which freed up cash to spend on goods and services.

In 2000s, Low Savings Rates Are Attributed To