The average propensity to save (APS), also known as the savings ratio, is an economics term that refers to the proportion of income which is saved, usually expressed for household savings as a percentage of total household disposable income. The ratio differs considerably over time and between countries. The savings ratio can be affected by (for example): the proportion of older people, as they have less motivation and capability to save; the rate of inflation, as expectations of rising prices can encourage people to spend now rather than later (monetary base/mass depreciation).
The complement is the average propensity to consume (APC).
Famous quotes containing the words average, propensity and/or save:
“...you don’t have to be as good as white people, you have to be better or the best. When Negroes are average, they fail, unless they are very, very lucky. Now, if you’re average and white, honey, you can go far. Just look at Dan Quayle. If that boy was colored he’d be washing dishes somewhere.”
—Annie Elizabeth Delany (b. 1891)
“... there is a particular propensity in the world for people, wherever they appear in great numbers, to permit themselves collectively everything that would be forbidden them individually.”
—Robert Musil (1880–1942)
“No memories of felicity save with faint ruffle of sorrow”
—Samuel Beckett (1906–1989)