In 2024, households in the United Kingdom (UK) are expected to have reduced their savings rate on average by 0.5 points since 2022. The first year of the COVID-19 pandemic saw a rise of the savings rate at 13.75 percent. However, from 2022 onwards the savings rate is forecasted to be under 5 percent.
Forecasted annual average household savings ratio in the United Kingdom (UK) from 1998 to 2024
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Bank of England. (February 3, 2022). Forecasted annual average household savings ratio in the United Kingdom (UK) from 1998 to 2024 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1118463/annual-average-household-savings-ratio-forecast-in-the-united-kingdom/
Bank of England. "Forecasted annual average household savings ratio in the United Kingdom (UK) from 1998 to 2024." Chart. February 3, 2022. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1118463/annual-average-household-savings-ratio-forecast-in-the-united-kingdom/
Bank of England. (2022). Forecasted annual average household savings ratio in the United Kingdom (UK) from 1998 to 2024. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1118463/annual-average-household-savings-ratio-forecast-in-the-united-kingdom/
Bank of England. "Forecasted Annual Average Household Savings Ratio in The United Kingdom (Uk) from 1998 to 2024." Statista, Statista Inc., 3 Feb 2022, https://www.statista.com/statistics/1118463/annual-average-household-savings-ratio-forecast-in-the-united-kingdom/
Bank of England, Forecasted annual average household savings ratio in the United Kingdom (UK) from 1998 to 2024 Statista, https://www.statista.com/statistics/1118463/annual-average-household-savings-ratio-forecast-in-the-united-kingdom/ (last visited December 22, 2024)
Forecasted annual average household savings ratio in the United Kingdom (UK) from 1998 to 2024 [Graph], Bank of England, February 3, 2022. [Online]. Available: https://www.statista.com/statistics/1118463/annual-average-household-savings-ratio-forecast-in-the-united-kingdom/
