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.
Read more about this topic: Economic Issues In The United States
Famous quotes containing the words credit and/or rate:
“Japanese mothers credit “effort” as the key determinant of a child’s achievement in school, while American mothers name “ability” as the more important factor.”
—Perry Garfinkel (20th century)
“You are more than entitled not to know what the word ‘performative’ means. It is a new word and an ugly word, and perhaps it does not mean anything very much. But at any rate there is one thing in its favor, it is not a profound word.”
—J.L. (John Langshaw)
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