Answer:
Higher interest rates
Explanation:
The interest rate is considered by economists as "the price of money". When consumers receive their wages, they have two options: consume or save. Consumption is the expense of money right now, while saving is a way of investing money and earning a future reward in the form of interest. Thus, a direct relationship between rising interest rates and increased savings is expected. The higher the interest rate, the higher the expectation of compensation and the greater the savings.
