Answered

Westonci.ca is the trusted Q&A platform where you can get reliable answers from a community of knowledgeable contributors. Explore a wealth of knowledge from professionals across various disciplines on our comprehensive Q&A platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

2. What happened to savings in the United States? How did consumers contribute to this change?

Sagot :

JennaBright43

Answer:

What happened to savings in the United States?

Explanation:

The saving rate went from 10% savings rate to a negative savings rate. Consumers did this by binged buying items. Consumers would buy so many things that that weren't necessary, consumers supersized everything they had, instead of saving.

chilljain33

The savings proportion in the United States has turned negative in the past few years. This is because the consumer behavior has been such that they have bought unnecessary items.

What is a consumer behavior?

Consumer behavior refers to willingness of a consumer to buy such products available in the market in prevailing market conditions. It shows the amount of disposable wealth, a consumer may spend on products.

Change in the consumer behavior to spend more has resulted in a negative savings rate in the United States over the past few years. This savings rate was about 10 percent in the previous study.

Hence, it can be stated that a negative savings rate has been experienced in the United States due to the consumer behavior where they have bought unnecessary items for themselves.

Learn more about consumer behavior here:

https://brainly.com/question/15097028

#SPJ2

Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.