Globally the household savings rate varies significantly according to global finance magazine and Investopedia. the savings rate
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Globally the household savings rate varies significantly according to global finance magazine and Investopedia. the savings rate in Ireland is 22.8%, in Canada it is 15%, and in China, it is 44.9%. In the united states, the saving rate has been around 7.5% for years until 2020, the year of the pandemic, when savings jumped to 16.1%. finder.com states the median savings for American families is $4,830. If the average American couple should save at least $1.3 million for retirement, what percent has actually been saved on average to date?
Note: round to the nearest hundredth percent
Related Book For
Cost Accounting Foundations and Evolutions
ISBN: 978-1111626822
8th Edition
Authors: Michael R. Kinney, Cecily A. Raiborn
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