Savings ratio

Savings ratio

The UK savings ratio fell to 3.3% in the last quarter of 2016 - its lowest level since 1963, when records began - down from 5.3% in the previous quarter.  With inflation eroding the value of wage increases, savings levels are likely to continue to fall, with increases in debt levels also helping to boost household spending, post-Brexit.

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For more, go to: Savings