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:
“He seems like an average type of man. He’s not, like smart. I’m not trying to rag on him or anything. But he has the same mentality I have—and I’m in the eighth grade.”
—Vanessa Martinez (b. c. 1978)
“The source of our actions resides in an unconscious propensity to regard ourselves as the center, the cause, and the conclusion of time. Our reflexes and our pride transform into a planet the parcel of flesh and consciousness we are.”
—E.M. Cioran (b. 1911)
“I had to kick their law into their teeth in order to save them.
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—Gwendolyn Brooks (b. 1917)