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Why does the average person only save 4% of his income?

1 Answer

1 vote
There are many potential reasons why. It could be,

-Large amounts spent on vacations and entertainment
-The rising cost and demand for eating out instead of cooking at home
-The rising costs of fuel
-Groceries
-Bills

All of these and more add up, and right now the economy is rising, many products are becoming more expensive. They add up :)