scholarly journals COMPARABLE HOUSEHOLD SAVING RATES FOR CHINA AND THE UNITED STATES

2008 ◽  
Vol 54 (4) ◽  
pp. 656-670 ◽  
Author(s):  
Xiao Qin ◽  
Ruoen Ren
Keyword(s):  
United States ◽  
The United States ◽  
Household Saving ◽  
Saving Rates

Frugality: Are We Fretting too Much? Household Saving and Assets in the United States

2009 ◽  
Vol 09 (197) ◽  
pp. 1
Author(s):  
Evan Tanner ◽  
Yasser Abdih ◽  
◽  
Keyword(s):  
United States ◽  
The United States ◽  
Household Saving

Growing Household Indebtedness and the Plummeting Saving Rate in Canada: An Explanatory Note

2005 ◽  
Vol 16 (1) ◽  
pp. 133-151 ◽  
Author(s):  
Mario Seccareccia
Keyword(s):  
United States ◽  
Fiscal Policy ◽  
Growth Process ◽  
The United States ◽  
Household Debt ◽  
Saving Rate ◽  
Household Saving ◽  
Explanatory Note ◽  
Zero Rate ◽  
The Government

Much as it has occurred in the United States, over the last two decades the household saving rate in Canada has fallen sharply to unprecedented levels, as it now hovers essentially about the zero rate. Accompanying this fall, we have witnessed a parallel rise in household debt ratios — a phenomenon that some have dubbed a state of “affluenza”. The object of this article is to provide an explanation of this phenomenon by pointing especially to the role played by fiscal policy in shifting the burden of debt from the government to the household sector. Moreover, the article raises serious concern about the sustainability of this particular growth process.

scholarly journals The Savings of Ordinary Americans: The Philadelphia Saving Fund Society in the Mid-Nineteenth Century

1994 ◽  
Vol 54 (4) ◽  
pp. 735-767 ◽  
Author(s):  
George Alter ◽  
Claudia Goldin ◽  
Elyce Rotella
Keyword(s):  
United States ◽  
Physical Property ◽  
The United States ◽  
Annual Income ◽  
Savings Behavior ◽  
Savings Accounts ◽  
Savings Bank ◽  
Large Nest ◽  
Saving Rates ◽  
Life Cycle Savings

We explore the savings behavior of ordinary Americans through their accounts at the Philadelphia Saving Fund Society, the oldest mutual savings bank in the United States. Our sample contains all 2,374 accounts opened in 1850. Savings accounts were generally brief affairs, but median balances mounted to about three-quarters of annual income in three years. Deposits and withdrawals were infrequent, but substantial. Only female servants, as a group, used their accounts for life-cycle savings, eventually amassing large nest eggs. Men often used them to hold funds before acquiring physical property. We estimate saving rates between 10 and 15 percent on active accounts.

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