Does Increasing the Savings Rate Lead to Higher GDP Growth?
Photo by micheile henderson on Unsplash The savings rate is the ratio of savings to GDP. Over the last 55 years, the U.S. savings rate has averaged 17%, compared to 29% in Japan, 23% in Germany, and well over 30% in China. The question stands—would a higher historical U.S. savings rate have prompted higher GDP growth, and […]
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