What is the average saving rate in europe as compared to the average saving rate in north america? dave ramsey chapter 2 (savings by nation)

In Europe the average saving rate is 10.6% and in America it is 3.5%. This means that every fiscal year Americans save only 3.5% of their yearly income and Europeans save 10.6%.

This is dangerous for Americans since in the event of an unexpected crisis they will not have the liquidities to pay for it. One of the reasons is that in the USA Americans use credit cards massively and are thus usually indebted to Credit Card companies and most of their income goes into paying them both the interest and the principal. Marketing is also far more aggressive in America and manipulates people into buying stuff they do not really need.

1. We have ambulances and hospitals.

We prize America as a land of opportunity.

3. We begin summer with a tribute to fallen soldiers.

4. We let technology guide how we communicate.

5. We identify ourselves as Democrats and Republicans.

6. We see war "up close and personal."

7. We hold certain rights to be sacred.

Think of these three amendments to the U.S. Constitution, all ratified within five years of the end of the Civil War:

   13th Amendment (1865). Section 1. Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States, or any place subject to their jurisdiction. ...

   14th Amendment (1868). Section 1. All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. ...

   15th Amendment (1870). Section 1. The right of citizens of the United States to vote shall not be denied or abridged by the United States or by any State on account of race, color, or previous condition of servitude. ...

8. We're all Americans.

Explanation: hope this helps since you didnt  put the  choices  up  sorry if it didnt  good luck