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 preferred it to the usual thing:
One dull man, dulling and uxorious,
One average mind—with one thought less, each year.”
—Ezra Pound (1885–1972)
“There surely is in human nature an inherent propensity to extract all the good out of all the evil.”
—Benjamin Haydon (1786–1846)
“...Do not be afraid to take Mary as your wife, for the child conceived in her is from the Holy Spirit. She will bear a son, and you are to name him Jesus, for he will save his people from their sins.”
—Bible: New Testament, Matthew 1:20,21.
Angel to Joseph.