Household saving ratio in the United Kingdom (UK) 2000-2025

The household saving ratio captures both the disposable income that households do not spend on consumption, and changes in the equity households have in pension funds. Simply put, the household saving ratio is the share of disposable income that is not spent on consumption. A full explanation of the ratio as defined by the source can be found in the supplementary notes. The headline rate for the UK household saving ratio has been forecast to increase between 2020 and 2025.

Forecast household saving ratio in the United Kingdom (UK) from 1st quarter 2000 to 1st quarter 2025

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Source

Release date

March 2020

Region

United Kingdom

Survey time period

1st quarter 2000 to 3rd quarter 2019

Supplementary notes

* Forecasted data.
Headline saving ratio.
The source added the following information "The household saving ratio captures both the disposable income that households do not spend on consumption, and changes in the equity households have in pension funds. The household saving ratio is the proportion of disposable income that is not spent on consumption. However, this is not as straightforward a definition as its sounds because of the way in which contributions to pension funds and the interest and dividends earned by them are attributed to households. In the National Accounts, changes to the equity households have in pension funds are driven by employer and employee contributions to pension funds. The employee contributions, in 2009, consisted of around £5 billion of direct payments and around £35 billion of interest and dividends accrued to existing pension assets. Employer contributions were around £48 billion. So the share of contributions to pension funds that might be considered an active part of household saving, was only around 7 per cent of the total in 2009.

In the National Accounts, saving is defined as: disposable income – consumption + change in net equity in pension reserves.

The saving ratio is defined as: (disposable income – consumption + change in net equity in pension reserves)/(disposable income + change in net equity in pension reserves)

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Statistics on "Savings in the United Kingdom (UK)"

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