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household savings

Australian Savings Declining Further

For some time now, we have been told that “the cautious customer” is every retailer’s nightmare, especially in the context of household spending. Interestingly, according to recent news on the subject, research on household income savings has been developed. Apparently, taking into account national counts, the household savings’ rate, which is the amount of income one saves, as opposed to directing it towards consumption, diminished by 7.6 percent in the third quarter. During previous years, household savings were estimated at nearly 10 percent of one’s income, as a result of the global financial crisis. At that time, it appeared that […]

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