Household gross savings as a share of disposable income in Italy Q1 2007-Q2 2020
According to the OECD, household gross savings rate compares the savings activities and consumption activities of households. It is an indicator of the financial security in bad times, for example, job loss. The household gross savings rate measures how much households are saving from their current income, but also what is added to the net wealth of a household to fund their future.
It is likely that household saving rates increase during periods of economic uncertainty, as purchases are deferred from many non-essential goods and services. Household savings are often the main domestic source of funds to finance investments in the decrease of liabilities or financial assets.
In Italy, the household gross savings rate has decreased overall between the first quarter of 2007 and the fourth quarter of 2019. However, in the first half of 2020 it increased to 19.26 percent. This was the largest value across the whole period considered.
It is likely that household saving rates increase during periods of economic uncertainty, as purchases are deferred from many non-essential goods and services. Household savings are often the main domestic source of funds to finance investments in the decrease of liabilities or financial assets.
In Italy, the household gross savings rate has decreased overall between the first quarter of 2007 and the fourth quarter of 2019. However, in the first half of 2020 it increased to 19.26 percent. This was the largest value across the whole period considered.
