Explanation of savings rate decline


Problem: During the 1990s, the age cohort that grew the most rapidly was the 45-54 cohort, which has the highest saving rate. Yet during that same period, the personal saving rate as reported by BEA declined sharply. I'm not sure I understand what factors account for this divergence?

Solution Preview :

Prepared by a verified Expert
Macroeconomics: Explanation of savings rate decline
Reference No:- TGS01746013

Now Priced at $20 (50% Discount)

Recommended (91%)

Rated (4.3/5)