Looking at the U.S.personal saving rate over the last sixty years,we can say that ________.
A)it has always been low
B)Americans used to spend a lot more than they have in recent years
C)Americans used to save a lot more than they have in recent years
D)it has always been fairly high
E)Americans spend more when concerned about their future earnings

Question

Quizplus · Accepted Answer

The U.S. personal saving rate has varied over the last sixty years, and there have been periods of higher and lower saving. However, overall, Americans used to save a lot more than they have in recent years. In the 1960s and 1970s, the saving rate was typically above 10%, while in recent years it has been below 5%. Therefore, option C is the correct answer.