Question

1. Why is the American public so uninformed about the national debt and the implications for the economy?

2. Why do you think the Americans have such low savings rate? What prompts so many individuals to spend more money than they make?

Answer 1

The American public is so informed about natural debt and the implications for the economy because it is a matter of confidence in the financial economy of the nation.
The American public believes in the fact that they live in the strongest economy of the world, therefore, there are no financial issues in the present economy for it will never have a chance to come in the future economy.
This situation of American is very strong in terms of financial matter, therefore, the government are not interested to demoralize the spirit of economic growth in the economy because its implications are complicated in a way that it might affect the positioning of the Americans and it will reduce the economic conditions and effectiveness and efficiency of the Americans.
2. The reason behind Americans has such a low savings rate because they believe in the investment and its rate of return.
The spending power of the Americans is the best in the world. They believe in investment and general expenditure.
The lifestyle of the Americans also a very big Tata to increase the expenditure and the reason behind the low saving rate.
The purchasing power of Americans is very high because they believe in the innovation and creativity of the consumable products and this is the only reason they believe in the latest goods and they always try to update their expenditure style.