By international standards, the household saving rate of the United States _____
ID: 1208022 • Letter: B
Question
By international standards, the household saving rate of the United States ________________ which may be due to the fact that________________
A. has historically not been very high;
Government assistance to the elderly has reduced the need for life-cycling saving.
B. has historically been very high;
Most American already own homes and, therefore, have less need for life-cycle saving
C. has historically not been very high
Most American already own homes and, therefore, have less need for life-cycle saving
D.has historically been high
Government assistance to the elderly has reduced the need for life-cycling saving.
A. has historically not been very high;
Government assistance to the elderly has reduced the need for life-cycling saving.
B. has historically been very high;
Most American already own homes and, therefore, have less need for life-cycle saving
C. has historically not been very high
Most American already own homes and, therefore, have less need for life-cycle saving
D.has historically been high
Government assistance to the elderly has reduced the need for life-cycling saving.
Explanation / Answer
By international standards, the household saving rate of the United States has historically not been very high; which may be due to the fact that Government assistance to the elderly has reduced the need for life-cycling saving.
Since after the great recession of the 2007, US is still batlling to overcome the aftereffects. Government has come up with many schemes for the elderly and for the people living in poverty, Hence the Government's initiatives to help the senior citizens are reducing the need for life-cycle saving.
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