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Q: Money is burning a hole in consumers pockets. Again last month, U.S. wage earners spent nearly as much as they made, contributing to record low savings. But consumers have good reason to be out
there spending. They ve got jobs, their incomes are rising, confidence is high, and the stock market is booming. This trend dragged down the savings rate savings as a percentage of after-tax income to a record low. Source: The Columbus Dispatch, May 29, 1999. This passage suggests that the low savings rate is due to a. high unemployment. c. low prices. b. the booming economy. d. falling incomes.
A: b. the booming economy
prettyqueen13|Points 0|
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Asked 9/16/2013 6:29:27 AM
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