Assess the state of individual American financial savings by the end of the 1920s:. a. While the rich spent most of their earnings lavishly, poor and middle-class Americans saved conscientiously. b. By the end of the 1920s, the majority of American families had no savings whatsoever. c. Americans had largely turned their backs on stocks and turned to the far safer bond market instead. d. Savings rates among the middle-class were as high as 40 percent, causing significant challenges for the mass consumer economy. e. Rising wages had allowed Americans to build significant savings accounts in the 1920s.