Individual Savings Accounts in the U.S. Economy

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This research paper addresses the topic of American spending habits and the degree to which Americans manage to save a portion of their income. The writer explains that the national savings rate is calculated by adding the amount saved by the government to the private savings of both indiviudals and companies. In recent years, the savings rate in America has dropped from an average of between seven to eight percent of the GDP, which is the level during the sixties and seventies, to under four percent in the eighties and less than one percent in the early years of the nineties. This five page paper has eight sources listed in the bibliography.