Recent data on consumer expenditures indicate that the savings rate of U.S.consumers has __________.
A) declined 6 percent; they are taking money from savings to pay current expenses on necessities
B) remained flat at 0 percent
C) risen slightly at 2 percent
D) risen to 6 percent
E) exploded to 10 percent

Question

Quizplus · Accepted Answer

Recent data on consumer expenditures indicate that the savings rate of U.S. consumers has risen to 6 percent. This means that consumers are saving more of their income and spending less, which could have an impact on the overall economy.

Recent Data on Consumer Expenditures Indicate That the Savings Rate