Personal Finance: Savings by Nation

What are some possible explanations for the low saving rate in the United States?

High prevalence of credit card debt; aggressive marketing; our culture tends to equate stuff with happiness; saving is not a priority.

Based on an annual disposable income of $40,000, calculate the average amount of money a person would save in Japan; in the United States; in France.

Japan $760; United States $1,600; France $6,320

Find the mean and median for the list of values in the savings by the nation chart.

Mean (82.9 divided by 10) = 8.29%; Median—the average of the two middle numbers (5.4 + 10.6 = 16, 16/2) = 8%

Research: Go online to research the current U.S. saving rate. Is it higher or lower than 4%? What might have caused this increase or decrease in Americans' current saving behavior? Answers will vary.

lol my answer is probably different than yours, but as of June 2021 it is 9.4%

What is the average saving rate in Europe as compared to the savings rate in North America

11.33%

How much less does the United States save compared to the highest saving nation?

15.6%