Personal savings as a percentage of personal income

The table breaks up particulars of personal savings as a percentage of personal income for selected countries in 1970, 1990 and 2000.

In 1970 people of Italy saved 29.5 percent of their personal income, but it kept on decreasing over the years and when it was 1990, it came down to 17.6 and 11.4 in the following periods. The next nationals to save more of their income in 1970 were the French with 18.7%. Here also we find a decreasing trend with 1990 and 2000 recording 12.5. 13.6% respectively.

The corresponding figures for Japan are 17.6%, 12.1%, 13.6%. It is seen that Germans saved 13.8% of their income in 1970 and 1990, but the figure came down to 11.8 in the following period.

The people of UK and USA saved much less than 10% of their income in all three periods, except in 2000 wherein UK citizens’ savings went above a little in 2000, 11.1%. When it comes Canadians, their sayings in 1970 was 5.6%, but it went up to 11.5 in 1990, it fell far less to 1.9% in 2000.