Savings rate

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Savings rate

Personal savings as a percentage of disposable personal income.

Savings Rate

The amount a person or organization places in a savings account or similar vehicle as a percentage of total disposable income. Savings are important for long term financial stability as it gives a person or organization a cushion for bad times. The savings rate may be calculated at microeconomic level for personal finances or may be aggregated at the national level to gauge financial health. A low or negative savings rate usually indicates excessive borrowing, spending, or both. On the other hand, a high savings rate may result in slower economic growth as persons and companies are saving instead of purchasing goods and services. See also: Rainy day fund.
References in periodicals archive ?
A new white paper reviewed participation, savings rates, and investments to investigate the substantial imbalance in 401(k) wealth accumulation for men and women.
Here's the rigid truth: Employee savings rates are more important than fees.
Personal savings rates for the current year, then, should show the greatest effect in a future year, when the accumulated savings are spent.
Arkansans have consumer debts and savings rates similar to their neighbors in Missouri and Oklahoma, according to the final release of the first Arvest Bank Consumer Sentiment Survey.
2 per cent in 2008 after savings rates tumbled when The Bank of England slashed base rates.
The bankers' lobby group plans to work on simplifying the terms and conditions of loans and accounts, as well as making it easier to compare savings rates.
Ms Springall said: "It's all about lending at the moment, but if one of the big providers starts putting up their savings rates the others may start to follow.
The data demonstrate that at least some temporary economic progress was made with government stimulus during the recession, as the Keynesians argue, but Austrians argue that the short-term benefit was far outweighed by burgeoning national debt and lowered savings rates that have stunted the recovery.
Last year's effort also included educating employees on the need to increase their savings rates, and the average rate rose to 6% from 4%
6 percent growth rate for the 2012-13 fiscal year, and said growth will revive slowly due to a drop in investment and savings rates.
Part of the reason for the increase in savings rates is clearly that people are trying to build up accumulations lost in the Great Recession.
SAVINGS rates have a crucial impact on the finances of everyone.

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