(Answered) Hammered by the 2008 downturn americans have boosted the us

Management Studies

Hammered by the 2008 downturn, Americans have boosted the U.S. savings rate from zero to 5 percent in the past year. They have a long way to go to match China, however, where the current savings rate is in excess of 30 percent!" What is the most likely cause of the increase in the U.S. saving rate?

competition with China
higher investment in the U.S.
a higher U.S. interest rate
fear of unemployment and anticipation of higher future taxes

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