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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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