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US Annual Working Hours per Worker vs US Gross Savings
US Annual Working Hours per Worker and US Gross Savings correlate at r = +0.65 over 54 years (1970–2023), p < 0.0001. With the time trend removed, r = +0.31. Holds up after detrending.
Verdict: Holds up after detrending. Statistically significant (p = < 0.0001) and the association survives trend removal (detrended r = 0.31). Correlation still isn't causation, but this one isn't an obvious artifact.
- Pearson r
- +0.65
- p-value
- < 0.0001
- Years compared (n)
- 54 (1970–2023)
- 95% confidence interval
- 0.47 to 0.78
- Correlation with the time trend removed
- +0.31
Sources
- US Annual Working Hours per Worker (hours): Our World in Data. US Annual Working Hours per Worker (Our World in Data: Working hours per worker).
- US Gross Savings (% of GDP): World Bank. US Gross Savings (World Bank indicator NY.GNS.ICTR.ZS).
Related pairs
- US Annual Working Hours per Worker vs US Health Expenditure (r = -0.89)
- US Annual Working Hours per Worker vs US Infant Mortality (r = +0.89)
- US Annual Working Hours per Worker vs Worldwide Major Earthquakes (M5+) (r = -0.89)
- US Annual Working Hours per Worker vs US Life Expectancy (r = -0.87)
- US Fertility Rate vs US Annual Working Hours per Worker (r = +0.87)
- US Annual Working Hours per Worker vs US Forest Area (r = -0.83)
Correlation does not imply causation. How the verdict is worked out.