Savings Rate by Country

The Gross Savings Rate of the US is 15%, but interest payments on the debts (public debt=$5.5 trillion, consumer and home loan debt=$4.9 trillion) consume the majority of this savings, plus some. The US, for the first time in its history, has a negative personal savings rate. The following 32 countries have savings rates higher than the US. Countries like Japan and Singapore have savings rates more than twice as high as the US, and have had for decades.

There is a direct correlation between math skills and savings rates, as shown by the following graph:

The failure of our education system has extracted a phenomenal cost from taxpayers.