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US Gross Savings vs US Bank Lending Interest Rate
US Gross Savings and US Bank Lending Interest Rate correlate at r = +0.63 over 52 years (1970–2021), p < 0.0001. With the time trend removed, r = +0.34. Holds up after detrending.
Verdict: Holds up after detrending. Statistically significant (p = < 0.0001) and the association survives trend removal (detrended r = 0.34). Correlation still isn't causation, but this one isn't an obvious artifact.
- Pearson r
- +0.63
- p-value
- < 0.0001
- Years compared (n)
- 52 (1970–2021)
- 95% confidence interval
- 0.44 to 0.77
- Correlation with the time trend removed
- +0.34
Sources
- US Gross Savings (% of GDP): World Bank. US Gross Savings (World Bank indicator NY.GNS.ICTR.ZS).
- US Bank Lending Interest Rate (%): World Bank. US Bank Lending Interest Rate (World Bank indicator FR.INR.LEND).
Related pairs
- US Adult Obesity vs US Bank Lending Interest Rate (r = -0.85)
- US Forest Area vs US Bank Lending Interest Rate (r = -0.81)
- Atmospheric Methane (global) vs US Bank Lending Interest Rate (r = -0.80)
- US Gross Savings vs US College Enrollment (r = -0.80)
- US Bank Lending Interest Rate vs US Resident Patent Applications (r = -0.79)
- US Nuclear Power Generation vs US Gross Savings (r = -0.75)
Correlation does not imply causation. How the verdict is worked out.