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:
“The average Southerner has the speech patterns of someone slipping in and out of consciousness. I can change my shoes and socks faster than most people in Mississippi can speak a sentence.”
—Bill Bryson (b. 1951)
“There surely is in human nature an inherent propensity to extract all the good out of all the evil.”
—Benjamin Haydon (1786–1846)
“peace hath her victories
No less renowned than war; new foes arise,
Threatening to bind our souls with secular chains:
Help us to save free conscience from the paw
Of hireling wolves whose gospel is their maw.”
—John Milton (1608–1674)