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Savings rate of households in selected countries worldwide 2010-2017
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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)
by M. Szmigiera,
last edited
Sep 4, 2019
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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by M. Szmigiera,
last edited
Sep 4, 2019
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.
- Show sources information
- Show publisher information
- Release date
- August 2018
- Region
- Worldwide
- Survey time period
- 2010 to 2017
- Supplementary notes
-
*Gross savings.
**Estimate.
The source adds the following information: "There is no standard method of calculating savings rates in the EU. Most countries use the net method, whereby the rate is calculated by deducting depreciation of real capital (particularly property) from gross savings (income less consumption expenditure). France, the United Kingdom and Portugal do not use this method so the savings rate is automatically higher in these countries.
Source
- Show sources information
- Show publisher information
- Release date
- August 2018
More information
- Region
- Worldwide
- Survey time period
- 2010 to 2017
- Supplementary notes
-
*Gross savings.
**Estimate.
The source adds the following information: "There is no standard method of calculating savings rates in the EU. Most countries use the net method, whereby the rate is calculated by deducting depreciation of real capital (particularly property) from gross savings (income less consumption expenditure). France, the United Kingdom and Portugal do not use this method so the savings rate is automatically higher in these countries.
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Statistics on "Personal savings in the United States"
- Overview
The most important statistics
- Personal saving rate in the United States from 1960 to 2018Personal saving rate in the U.S. 1960-2018
- Personal saving rate in the United States from July 2016 to July 2019Monthly personal saving rate in the U.S. 2016-2019
- Value of gross private savings in the United States from 1960 to 2018 (in trillion U.S. dollars)Gross private savings in the U.S. 1960-2018
- Value of personal savings in the United States from 1960 to 2018 (in billion U.S. dollars)Personal savings in the U.S. 1960-2018
- Savings practices
The most important statistics
- Assets of section 529 savings plan in the United States from 2001 to 2018(in billion U.S. dollars)Assets of section 529 savings plan in the U.S. 2001 to 2018
- Share of households owning mutual funds in the United States from 1980 to 2018Share of households owning mutual funds in the U.S. 1980-2018
- Which, if any, of the following types of savings/investments do you have?Savings and investment products owned in the U.S. 2016
- Have you done or considered doing any of the following over the past six months in order to save money?Saving money behavior in the U.S. 2017
- Share of adults who contributed to retirement savings accounts compared with the previous year in the United States in 2019Share of adults contributing to retirement savings accounts in U.S. 2019
- Reasons for saving
The most important statistics
- What are you currently saving for?Reasons for saving money in the U.S. 2017
- Reasons why families saved in the United States from 2010 to 2016Reasons why families saved in the U.S. 2010-2016
- Reasons for starting to save for retirement in the United States in 2017Reasons for starting to save for retirement in the U.S. 2017
- Percentage of American parents saving for their college education of their children from 2009 to 2018Percentage of American parents saving for college education of their children 2018
- What types of accounts do you have for your retirement savings?Accounts used for retirement savings in the U.S. 2019
- Family savings
The most important statistics
- Average family net worth in the United States from 1989 to 2016 (in thousand U.S. dollars)Average family net worth in the U.S. 1989-2016
- Share of families that saved in the United States from 1992 to 2016Share of families that saved in the U.S. 1992-2016
- Share of families that saved in the United States from 2001 to 2016, by ethnicityShare of families that saved in the U.S. 2001-2016, by ethnicity
- Share of families that saved in the United States from 2004 to 2016, by work status of headShare of families that saved in the U.S. 2004-2016, by work status of head
- Share of families with savings bonds in the United States from 2004 to 2016, by age of family headShare of families with savings bonds in the U.S. 2007-2016, by age of family head
- Share of families holding financial assets in the United States in 2016, by asset typeShare of families holding financial assets in the U.S. 2016, by asset type
- Which of the following do your kids have?Financial instruments and accounts owned by children in the U.S. 2019
- Savings deposits
The most important statistics
- Value of savings deposits at all depository institutions in the United States from 1980 to 2018 (in trillion U.S. dollars)Savings deposits at all depository institutions in the U.S. 1980-2018
- How much money do you have saved in your savings account?Amount of money saved in saving accounts in the United States 2018
- How much money do you have saved in your savings account? (by income)Amount of money saved in saving accounts in the United States 2016, by income
- How much money do you have saved in your savings account? (by gender)Amount of money saved in saving accounts in the United States 2018, by gender
- How much money do you have saved in your savings account?Amount of money saved in saving accounts in the United States 2017, by generation
- For how many months would your emergency fund cover your family's expenses?Length of time of emergency fund coverage of U.S. family expenses 2019
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Further Content: Statistics, Studies, and Topic Pages
Statistics
- Saving rate of households in Finland in 2007-2017
- France: households financial saving rate 2000-2017
- Italy: gross saving rate of households as consumers 2000-2018
- 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
- Brazil: gross domestic saving rate as percentage of GDP 2010-2016
- Personal savings rate in South Korea 2010-2017
- 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
Studies
- Assets and wealth of households in Europe
- Demographics of South Korea
- Consumer lending in the United Kingdom (UK)
- Report on financial investments of Italian households - Survey 2018
- Household finance in the Netherlands
- Household finance in Belgium
- Report on financial investments of Italian households - Survey 2017
- Savings in the United Kingdom (UK)
- Housing Issues in the United Kingdom
- Individual savings accounts in the United Kingdom (UK)
- Aviva Family Finances Report January 2016
Statistics on "Personal savings in the United States"
- Personal saving rate in the U.S. 1960-2018
- Monthly personal saving rate in the U.S. 2016-2019
- Gross private savings in the U.S. 1960-2018
- Personal savings in the U.S. 1960-2018
- Assets of section 529 savings plan in the U.S. 2001 to 2018
- Share of households owning mutual funds in the U.S. 1980-2018
- Savings and investment products owned in the U.S. 2016
- Saving money behavior in the U.S. 2017
- Share of adults contributing to retirement savings accounts in U.S. 2019
- Reasons for saving money in the U.S. 2017
- Reasons why families saved in the U.S. 2010-2016
- Reasons for starting to save for retirement in the U.S. 2017
- Percentage of American parents saving for college education of their children 2018
- Accounts used for retirement savings in the U.S. 2019
- Average family net worth in the U.S. 1989-2016
- Share of families that saved in the U.S. 1992-2016
- Share of families that saved in the U.S. 2001-2016, by ethnicity
- Share of families that saved in the U.S. 2004-2016, by work status of head
- Share of families with savings bonds in the U.S. 2007-2016, by age of family head
- Share of families holding financial assets in the U.S. 2016, by asset type
- Financial instruments and accounts owned by children in the U.S. 2019
- Savings deposits at all depository institutions in the U.S. 1980-2018
- Amount of money saved in saving accounts in the United States 2018
- Amount of money saved in saving accounts in the United States 2016, by income
- Amount of money saved in saving accounts in the United States 2018, by gender
- Amount of money saved in saving accounts in the United States 2017, by generation
- Length of time of emergency fund coverage of U.S. family expenses 2019
- Saving rate of households in Finland in 2007-2017
- France: households financial saving rate 2000-2017
- Italy: gross saving rate of households as consumers 2000-2018
- 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
- Brazil: gross domestic saving rate as percentage of GDP 2010-2016
- Personal savings rate in South Korea 2010-2017
- 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
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