Difference between revisions of "Savings"
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| − | '''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. Ecconomists 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: | + | '''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. Ecconomists 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> |
| − | The United States and Other industrialized Countries|accessdate=March 4, 2016}}</ref> | ||
==See also== | ==See also== | ||
Revision as of 02:22, March 5, 2016
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. Ecconomists study savings patterns of businesses, households or both.[1]
See also
References
- ↑ The Concept and Measurement of Savings: The United States and Other industrialized Countries (PDF). Retrieved on March 4, 2016.