The percentage of income that Americans save each year ________.
A)is much higher than the percentage the Chinese citizens save
B)is higher than the saving rate of most industrialized countries
C)is lower than the saving rate of most industrialized countries
D)increased by a factor of five every year since the 1970s
E)none of the above

Question

Quizplus · Accepted Answer

The saving rate of Americans is lower than the saving rate of most industrialized countries. While the saving rates of individuals varies depending on personal circumstances and financial goals, on average, Americans tend to save a smaller percentage of their income compared to citizens of other developed countries.

The Percentage of Income That Americans Save Each Year ________