An explanation for the low saving rate in the United States consistent with the precautionary reason for saving includes: a. highly developed financial systems making it easy to buy homes with down payments under 15 percent. b. households spending beyond their means to keep up with community standards. c. confidence in future economic prosperity. d. relatively generous government assistance for the elderly and large down payments required for home purchases.

An explanation for the low saving rate in the United States consistent with the precautionary reason for saving includes: a. highly developed financial systems making it easy to buy homes with down payments under 15 percent. b. households spending beyond their means to keep up with community standards. c. confidence in future economic prosperity. d. relatively generous government assistance for the elderly and large down payments required for home purchases.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter21: Financial Markets, Saving, And Investment

Section: Chapter Questions

Problem 9P

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