Definition
The personal saving rate is the percentage of income saved rather than spent.
Why It Matters
It indicates financial health and future investment capacity.
Example
Saving 5% of monthly income.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
The personal saving rate is the percentage of income saved rather than spent.
It indicates financial health and future investment capacity.
Saving 5% of monthly income.