This serves to show the culture surrounding money and saving within different countries. In this day and age, globalization and social media has overtaken the world and materialism manifests in every society. From this information we can gather that the American people clearly live in the moment, however, with such a low average savings, it is blatantly obvious that they do not understand how to plan for emergencies and the curve balls that life will undoubtedly throw at you. Additionally, European countries can be seen doing extremely well in these rankings as their culture is based around providing a good life for their offspring and ensuring their happiness in retirement. The idea of debt in many countries is looked down upon, but this is clearly not the case in the US where the amount of debt is so high that it is a normal thing.