The formula above expresses the household saving ratio as a decimal, but you'll also see it referred to as a percentage (like in the chart below). To find the percentage based on the formula, simply move the decimal point in your answer two spaces to the right. *Note: Disposable income is the amount of money that households have available for saving and spending after income taxes have been taken out. 20% 15% 11% 10% 8.4% 5% 2.5% 4.3% 2.7% 16% 8% 2% -2% 0.4% 0% Canada France Germany Italy Japan Portugal Spain Sweden U.K. U.S. Household Saving Rates Source: Organization for Economic Cooperation and Development, 2018-2019 Instagram Temple X Christopher Arria X Christopher Arria X Copy of PR Proble X act-ch03-101-eng X Jungle Questions X Jungle Readi ramseysolutions.net/education/hs/personal_finance/activities/4th_edition/fillable/act-ch03-101-english.pdf?_gl=1*1p7g012*_ga*MjU1Nzk0MzUOLjE2OTIwMzEy... nglish.pdf 2/3 - 100% + 1. Compare the highest-saving nation to the United States. How much more does it save? 2. What's the average saving rate in Europe and the average saving rate in North America? 3. Find the mean and median for the list of household saving rates. 4. Based on an annual disposable income of $40,000, calculate the average amount of money a person would save in Japan, in the United States, and in France. 5. What are some possible explanations for the low saving rate in the United States? 6. Research: Using reputable and recently published internet sources, research the current U.S. saving rate. Is it higher or lower than 8%? What might have caused this increase or decrease in saving behavior? MacBook Pro I Like You BOBBE # 2 3 4 4 5 $ % & 6 7 8 9 W E R T Y U - O P { S D F G H K L Instagram Temple X Christopher Arria X Christopher Arria X Copy of PR Proble X act-ch03-101-eng X Jungle Questions X Jungle Readin ramseysolutions.net/education/hs/personal_finance/activities/4th_edition/fillable/act-ch03-101-english.pdf?_gl=1*1p7g012*_ga*MjU1Nzk0MzU0LjE2OTIwMzEy... english.pdf 3/3 100% + 7. In what ways might household saving rates reflect both the economic culture and history of a country? 8. Do you think the saving rate in the United States varies from generation to generation? Why or why not? 9. Instead of cultural and marketing influences, what factors should determine a household's saving rate? 10. What might be some consequences of families not having adequate savings? MacBook Pro Like 2 # 3 BBBBB $ 4 % 5 6 & 27 W E R T Y U S D F G H * 8 You + 9 O O { P J K L V