Difference between revisions of "Savings"
Jump to navigation
Jump to search
Tags: Mobile edit Mobile web edit |
(+supporting ref) |
||
| Line 1: | Line 1: | ||
| − | '''Savings''' is income not spent, or deferred consumption. It can be [[money]] that is set aside in either a [[savings account]] or [[certificate of deposit]] or stored at home in a safe or other secure location for future use, including [[retirement]]. Nations can be compared based on a national "rate of savings" which is the ratio of new savings deposits as a portion of the [[gross domestic product]] of the nation. Currently in [[America]] the rate of savings is very low. Economists study savings patterns of businesses, households or both.<ref>{{cite web|url=http://www.bostonfed.org/economic/conf/conf25/conf25a.pdf|format=PDF|title=The Concept and Measurement of Savings: The United States and Other industrialized Countries|accessdate=March 4, 2016}}</ref> | + | '''Savings''' is income not spent, or deferred consumption. It can be [[money]] that is set aside in either a [[savings account]] or [[certificate of deposit]] or stored at home in a safe or other secure location for future use, including [[retirement]]. Nations can be compared based on a national "rate of savings" which is the ratio of new savings deposits as a portion of the [[gross domestic product]] of the nation. Currently in [[America]] the rate of savings is very low.<ref>https://fred.stlouisfed.org/series/PSAVERT</ref> Economists study savings patterns of businesses, households or both.<ref>{{cite web|url=http://www.bostonfed.org/economic/conf/conf25/conf25a.pdf|format=PDF|title=The Concept and Measurement of Savings: The United States and Other industrialized Countries|accessdate=March 4, 2016}}</ref> |
==See also== | ==See also== | ||
Latest revision as of 18:41, December 12, 2023
Savings is income not spent, or deferred consumption. It can be money that is set aside in either a savings account or certificate of deposit or stored at home in a safe or other secure location for future use, including retirement. Nations can be compared based on a national "rate of savings" which is the ratio of new savings deposits as a portion of the gross domestic product of the nation. Currently in America the rate of savings is very low.[1] Economists study savings patterns of businesses, households or both.[2]
See also
References
- ↑ https://fred.stlouisfed.org/series/PSAVERT
- ↑ The Concept and Measurement of Savings: The United States and Other industrialized Countries (PDF). Retrieved on March 4, 2016.
