Question 5 (1 point)
Why is there such radically different money-saving behaviors across similarly wealthy nations?
Language: People who speak languages that don't differentiate between the future and present save more money.
Healthcare: People in countries without universal healthcare are unable to save as much as countries with universal healthcare because of the personal cost of healthcare.
Age: Countries with an older population save more money because their population has more life experience.
Religion: People in highly religious countries are less likely to spend money on indulgent or frivolous goods and therefore save more money.