Difference between revisions of "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. | + | 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]] | ||
| + | |||
| + | ==References== | ||
| + | {{reflist}} | ||
[[Category:Economics]] | [[Category:Economics]] | ||
Revision as of 17:10, September 3, 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.