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Cause of the increase in the us saving rate

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Reference no: EM131093632

Hammered by the 2008 downturn, Americans have boosted the U.S. savings rate from zero to 5 percent in the past year. They have a long way to go to match China, however, where the current savings rate is in excess of 30 percent!" What is the most likely cause of the increase in the U.S. saving rate?

  • competition with China
  • higher investment in the U.S.
  • a higher U.S. interest rate
  • fear of unemployment and anticipation of higher future taxes

Reference no: EM131093632

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