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:

    “Gratitude among friends is like credit among tradesmen: it keeps business up, and maintains commerce. And we pay not because it is just to discharge our debts, but that we might the more easily find lenders on another occasion.”
    —François, Duc De La Rochefoucauld (1613–1680)

    ““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)