Economic Issues in The United States - Use of Credit and Savings Rate

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.

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Famous quotes containing the words credit and/or rate:

    It is probable that the principal credit of miracles, visions, enchantments, and such extraordinary occurrences comes from the power of imagination, acting principally upon the minds of the common people, which are softer.
    Michel de Montaigne (1533–1592)

    “Terence, this is stupid stuff:
    You eat your victuals fast enough;
    There can’t be much amiss, ‘tis clear,
    To see the rate you drink your beer.
    —A.E. (Alfred Edward)