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:
“Most of the money given by rich people in charity is made up of conscience money, ransom, political bribery, and bids for titles.... One buys moral credit by signing a cheque, which is easier than turning a prayer wheel.”
—George Bernard Shaw (18561950)
“Strange that the vanity which accompanies beautyexcusable, perhaps, when there is such great beauty, or at any rate understandableshould persist after the beauty was gone.”
—Mary A. [Elizabeth, Countess Von] Arnim (18661941)
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