From Conservapedia
This is the current revision of Savings as edited by DavidB4 (Talk | contribs) at 18:41, December 12, 2023. This URL is a permanent link to this version of this page.

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

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