The savings rate of households in the United Kingdom (UK) was predicted to increase slowly between 2023 and 2026. In the second quarter of 2020, that figure peaked, as the savings of UK households amounted to 26.5 percent of their disposable income. The actual data for 2020 and 2021, shows two peaks due to the effects of the measures to contain the spread of the COVID-19 pandemic.
Quarterly savings of households as a share of their disposable income in the United Kingdom (UK) from 1st quarter 2015 to 3rd quarter 2022, with forecasts until 2027
Characteristic
Savings as a share of disposable income
Q4 2027
7.9%
Q3 2027
7.9%
Q2 2027
7.9%
Q1 2027
7.9%
Q4 2026
7.9%
Q3 2026
7.9%
Q2 2026
7.9%
Q1 2026
7.7%
Q4 2025
7.6%
Q3 2025
7.4%
Q2 2025
7.3%
Q1 2025
7.1%
Q4 2024
6.8%
Q3 2024
6.6%
Q2 2024
6.5%
Q1 2024
6.4%
Q4 2023
6.4%
Q3 2023
6.3%
Q2 2023
6.3%
Q1 2023
6%
Q4 2022
6.4%
Q3 2022
8.4%
Q2 2022
7%
Q1 2022
8.6%
Q4 2021
8.8%
Q3 2021
9.6%
Q2 2021
11.7%
Q1 2021
20.2%
Q4 2020
15.8%
Q3 2020*
14.7%
Q2 2020
26.5%
Q1 2020
6.4%
Q4 2019
5.6%
Q3 2019
5.2%
Q2 2019
5.6%
Q1 2019
5%
Q4 2018
4.7%
Q3 2018
5.2%
Q2 2018
5%
Q1 2018
5.4%
Q4 2017
4.7%
Q3 2017
5.7%
Q2 2017
6.3%
Q1 2017
3.8%
Q4 2016
5.2%
Q3 2016
5%
Q2 2016
6.8%
Q1 2016
7.9%
Q4 2015
10.6%
Q3 2015
10.1%
Q2 2015
9.7%
Q1 2015
7.8%
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Office for Budget Responsibility. (March 15, 2023). Quarterly savings of households as a share of their disposable income in the United Kingdom (UK) from 1st quarter 2015 to 3rd quarter 2022, with forecasts until 2027 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1221360/forecast-quarterly-household-savings-rate-uk/
Office for Budget Responsibility. "Quarterly savings of households as a share of their disposable income in the United Kingdom (UK) from 1st quarter 2015 to 3rd quarter 2022, with forecasts until 2027." Chart. March 15, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1221360/forecast-quarterly-household-savings-rate-uk/
Office for Budget Responsibility. (2023). Quarterly savings of households as a share of their disposable income in the United Kingdom (UK) from 1st quarter 2015 to 3rd quarter 2022, with forecasts until 2027. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1221360/forecast-quarterly-household-savings-rate-uk/
Office for Budget Responsibility. "Quarterly Savings of Households as a Share of Their Disposable Income in The United Kingdom (Uk) from 1st Quarter 2015 to 3rd Quarter 2022, with Forecasts until 2027." Statista, Statista Inc., 15 Mar 2023, https://www.statista.com/statistics/1221360/forecast-quarterly-household-savings-rate-uk/
Office for Budget Responsibility, Quarterly savings of households as a share of their disposable income in the United Kingdom (UK) from 1st quarter 2015 to 3rd quarter 2022, with forecasts until 2027 Statista, https://www.statista.com/statistics/1221360/forecast-quarterly-household-savings-rate-uk/ (last visited December 21, 2024)
Quarterly savings of households as a share of their disposable income in the United Kingdom (UK) from 1st quarter 2015 to 3rd quarter 2022, with forecasts until 2027 [Graph], Office for Budget Responsibility, March 15, 2023. [Online]. Available: https://www.statista.com/statistics/1221360/forecast-quarterly-household-savings-rate-uk/
