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According to the OECD’s latest data, the ranking of major economies by household saving rates shows a wide divide between countries where households save a substantial share of income and those where people save little or nothing.
Net household saving rate refers to the share of disposable income that households retain after spending and after deducting depreciation of assets. The net saving rate measures the portion of disposable income that households save after consumption and asset depreciation.
Sweden tops the ranking for household saving rates. Over the past 20 years, Sweden’s net saving rate has risen nearly eightfold, from 2.3% to 16%.
Several other European countries are also in the leading group. In Hungary, households saved 14.3% of income, while in France the rate was 12.8%. The article notes that high saving levels are often linked to structural factors such as pension systems and aging populations.
Further down the ranking, saving rates decline fairly quickly. The United States, Canada, and the United Kingdom are all around 5%, far below the leading European group.
Globally, the gap is described as even more pronounced: the saving rate of US households is only about half that of Mexico and not yet a third of Sweden.
The article highlights that Asia has no representatives in the top group for household saving rates. In Japan, the rate is 0.9%, among the lowest in the ranking. Korea stands at 4.8%, higher than Japan but still far from the top European countries.
This is presented as evidence that even in Asia’s developed economies, the room for households to accumulate savings is not as large as before.
At the bottom of the ranking, the picture changes sharply. In New Zealand and South Africa, households “hardly save,” instead spending beyond income earned.
Negative saving rates usually indicate that households must dip into prior savings or borrow to cover daily living costs. The article frames this as typically a sign of financial stress rather than an active choice.
The saving rate is described as an indicator of household financial resilience. In countries with high saving rates, households generally have a cushion to cope with inflation, unemployment, or other shocks. Higher saving can also support long-term investment and economic stability.
By contrast, prolonged low or negative saving can reflect ongoing financial pressure. When households have little room to save, the economy may become more vulnerable to recession, rising debt, and weaker consumption over time.

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