Sunday, October 1, 2023

How falling household savings affect the economy

With government expenditure needs exceeding the revenues, the savings were negative. Government dissaving has averaged 2.1% of GDP in the past 10 years. Households contribute to most of the gross savings, contributing over 65% in 2021-22.

from Personal Finance News-Wealth-Economic Times https://ift.tt/FD5P4AQ

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