Economic Issues in The United States - Use of Credit and Savings Rate

Use of Credit and Savings Rate

The United States has the lowest savings rate of any developed nation. This low savings rate is offset by the high use of credit.

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Famous quotes containing the words credit and/or rate:

    “Money is a poor man’s credit card.”
    —Marshall McLuhan (1911–1980)

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    You eat your victuals fast enough;
    There can’t be much amiss, ‘tis clear,
    To see the rate you drink your beer.”
    —A.E. (Alfred Edward)