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US CO₂ Emissions per Capita vs US Gross Savings

US CO₂ Emissions per Capita and US Gross Savings correlate at r = +0.47 over 55 years (1970–2024), p = 2.9e-4. With the time trend removed, r = -0.14. Likely spurious (shared time trend).

Verdict: Likely spurious (shared time trend). Both series mostly just trend over time. After removing that trend the correlation collapses to -0.14 — the relationship is probably coincidental, not causal.

Pearson r
+0.47
p-value
2.9e-4
Years compared (n)
55 (1970–2024)
95% confidence interval
0.23 to 0.65
Correlation with the time trend removed
-0.14

Sources

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Correlation does not imply causation. How the verdict is worked out.