Share of Income Saved by Households Around the World

Swedes lead in saving, putting away an average of 16% of their income. Following closely are Hungary at 14.3% and Czech Republic at 13.7%, despite not being the wealthiest in Europe. On the other hand, the average American household saves only 4.9% of its income, significantly lower than many European countries.

Share of Income Saved by Households Around the World

Conversely, families in New Zealand and South Africa spend more than they earn, showcasing a negative saving trend. As per Central Bank data, Russian households are positioned near the top of the global saving ranking.