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Business, 17.12.2021 02:00 rconyers00

Prior to the 2008-2009 recession, Americans were saving under 3% of their disposable income, but after experiencing the significant recession the savings rate increased to over 6%. As of 2017, this savings rate is back down to about 3%. Explain why this return to a lower savings rate is probably not good for the long term health of the economy.

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