Difference between revisions of "Savings rate"

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(Savings Rate)
 
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The '''Savings Rate''' is an economic term referring to the personal savings expressed as a percentage of disposable [[income]] - the income remaining after [[income tax|income taxes]] and payroll taxes are accounted for.
 
The '''Savings Rate''' is an economic term referring to the personal savings expressed as a percentage of disposable [[income]] - the income remaining after [[income tax|income taxes]] and payroll taxes are accounted for.
  
Currently Americans have a Savings Rate of nearly 0, that is, they exactly what than the earn. In 2005 the [[U.S. Commerce Department]]'s Bureau of Economic Analysis report showed a negative savings rate of 0.5 percent for the year. That had not happened since the [[Great Depression]].<ref>http://www.bea.gov/briefrm/saving.htm</ref>
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Currently Americans have a Savings Rate of nearly 0, that is, they exactly what than the earn.<ref>http://www.bea.gov/briefrm/saving.htm</ref> In 2005 the [[U.S. Commerce Department]]'s Bureau of Economic Analysis report showed a negative savings rate of 0.5 percent for the year. That had not happened since the [[Great Depression]].
  
 
==See Also==
 
==See Also==
 
*[[Paradox of thrift]]
 
*[[Paradox of thrift]]
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==References==
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{{reflist}}
  
 
[[Category:Economics]]
 
[[Category:Economics]]

Revision as of 12:10, 3 September 2008

The Savings Rate is an economic term referring to the personal savings expressed as a percentage of disposable income - the income remaining after income taxes and payroll taxes are accounted for.

Currently Americans have a Savings Rate of nearly 0, that is, they exactly what than the earn.[1] In 2005 the U.S. Commerce Department's Bureau of Economic Analysis report showed a negative savings rate of 0.5 percent for the year. That had not happened since the Great Depression.

See Also

References