The ratio of personal savings to disposable income in an economy.
- Recent reports suggest that China has one of the highest savings ratios in the world, some 30%, compared to less than 5% in Britain.
- This will provide an unprecedented windfall for the Irish consumer and should act as a catalyst for a fall in the current excessively high savings ratios.
- In the transition period, where the assets of the pension funds are gradually increased through the accumulation of the pension contributions, the aggregate savings ratio in the economy will be higher.
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