Savings rate of households in selected countries worldwide 2010-2017
Savings rate of households in selected countries worldwide from 2010 to 2017 (as a share of disposable income)
In 2017, the household savings rates in these selected developed countries ranged from -2.8 percent of disposable income in Finland to 19.1 percent in Switzerland. Finland had the only negative savings rate, which means that people were using savings to supplement their income at that time.
Why do people save?
Savings behavior differs from country, as shown in this statistic. In the United States, most people save for unexpected expenses or retirement. In countries such as Finland, the savings rate may be lower because retirees can rely on generous pension funds. Other reasons that households save include vacation, educational expenses, and home purchase.
Factors that affect saving
High inflation leads to lower household savings. The projected increase in prices means that people would rather buy immediately, because saving and buying later means paying a higher price. As such, countries with an inflation rate are less likely to have a high savings rate. Other factors include a cultural disposition towards saving mechanisms, such as the emphasis on home ownership seen in the United States.
Savings rate of households in selected countries worldwide from 2010 to 2017 (as a share of disposable income)
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Source
More information
Statistics on "Personal savings in the United States"
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Statistics
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- Households life insurance rate in France 2015, by socio-professional category
- Households housing savings rate in France 2015, by socio-professional category
- Households retirement savings plan rate in France 2015, by household type
- Households life insurance savings rate in France 2015, by household type
- Households long-term savings rate in France 2013-2016, by saving product
- French households savings rate 2010-2017
- Households housing savings rate in France 2015, by household type
- French households financial savings rate 2010-2016
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- Personal savings rate in South Korea 2006-2016
- Selected OECD countries with the highest household saving rate in 2015
- Household saving rate of the United States from 2010 to 2017
- Individual saving share in the Netherlands 2013-2019
- French household savings rate 2010-2015
- Household financial liabilities relative to income in the United Kingdom 2008-2012
- Household financial assets relative to income in the United Kingdom (UK) 20008-2012
- Savings rate of households in France 2000-2015
Statistics on "Personal savings in the United States"
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