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US Gross Savings vs US Net Migration
US Gross Savings and US Net Migration correlate at r = -0.57 over 55 years (1970–2024), p < 0.0001. With the time trend removed, r = -0.13. 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 -0.13 — the relationship is probably coincidental, not causal.
- Pearson r
- -0.57
- p-value
- < 0.0001
- Years compared (n)
- 55 (1970–2024)
- 95% confidence interval
- -0.73 to -0.36
- Correlation with the time trend removed
- -0.13
Sources
- US Gross Savings (% of GDP): World Bank. US Gross Savings (World Bank indicator NY.GNS.ICTR.ZS).
- US Net Migration (people): World Bank. US Net Migration (World Bank indicator SM.POP.NETM).
Related pairs
- US Air Passengers Carried vs US Net Migration (r = +0.84)
- US Net Migration vs US Urban Population (r = +0.83)
- US Net Migration vs US Rural Population (r = -0.83)
- US Gross Savings vs US College Enrollment (r = -0.80)
- US Life Expectancy vs US Net Migration (r = +0.80)
- US Net Migration vs US Population (r = +0.78)
Correlation does not imply causation. How the verdict is worked out.