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:

    “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)

    ““Terence, this is stupid stuff:
    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)