Dictionary Home »
Webster's New World Finance and Investment Dictionary » savings rate
savings rate
savings rate definition - finance
The
amount of money that citizens of a country save divided by the citizensÂ’ total
disposable income, stated in percentage terms. U.S. citizens have long been
criticized for their low savings rate, which amounts to just several percentage
points a year. Savings rate details are published in gross domestic product
statistics produced monthly by the U.S. government. Other countries, such as
Japan, have a much higher savings rate.
Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Comments
Improve this definition.
Share on Facebook