The US Savings Rate Was One of the Lowest Among Major

Multiple Choice

The U.S. savings rate was one of the lowest among major industrial nations prior to the great credit crisis of 2007-09 because of the:

A) High proportion of young adults in the U.S. population
B) Large government budget deficits
C) Tax structure which favors consumption and borrowing over savings
D) All of the above
E) None of the above