Household gross savings as share of disposable income in the UK 2007-2025

Published by
Fernando de Querol Cumbrera,
Mar 4, 2024
In 2024, households from the United Kingdom (UK) are expected to save over nine percent of their disposable incomes. This savings rate fluctuated significantly since 2007, with the lowest figures recorded in 2018 at five percent. In 2020, due to the coronavirus (COVID-19) outbreak and resulting lockdowns, savings rates spiked across the world. In the UK, savings rate reached roughly 16 percent that year, more than three times higher than in the previous year.

Household gross savings as share of disposable income in the United Kingdom (UK) from 2007 to 2021, with forecasts until 2025

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Release date

February 2024

Region

United Kingdom

Survey time period

2007 to 2021

Special properties

*Forecast.

Supplementary notes

Figures are calculated by the source as the amount of disposable income and pension entitlements after subtracting household consumption.

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