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An explanation for the low saving rate in the United States consistent with the precautionary reason for saving includes: Multiple Choice relatively generous government assistance
An explanation for the low saving rate in the United States consistent with the precautionary reason for saving includes:
Multiple Choice
- relatively generous government assistance for the elderly and large down payments required for home purchases.
- households spending beyond their means to keep up with community standards.
- highly-developed financial systems making it easy to buy homes with down payments under 15 percent.
- confidence in future economic prosperity.
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