Analyze what are the main factors involved in a country s savings rate

Savings is a broad concept that includes domestic savings, balance-of-payments current account surpluses, and foreign exchange reserves in the narrow sense. The savings rate is the percentage of savings in a person's total disposable income. Since 2009, China's savings rate has ranked first in the world, with per capita savings of more than 10,000 yuan.

The high savings rate hinders the development of China's economy and is one of the reasons for the lack of domestic consumption momentum. At present, the top priority is to gradually reduce the current excessively high savings rate, optimize the consumer financial environment, and strive to improve the livelihood security of residents, so that they dare to consume and take the initiative to consume, so as to accelerate China's economy out of the trough and promote economic transformation.

There are three main reasons for the persistently high savings rate:

1. The burden of the population is light, so the proportion of economic surplus is large;

2. The family income of ordinary workers grows slowly, and domestic demand is insufficient, resulting in high savings tendency;

3. Insufficient social security and unstable expectations induce residents to achieve self-insurance through savings.

There are many reasons for this, such as: 1) the interest rate on savings is too low or non-existent, 2, the need for investment, 3, the income from other channels, 4, personal reasons, 5, the need for cash flow for business reform or expansion6, and the evasion of financial book checks.

1. The savings rate refers to the percentage of savings in total disposable income. The total savings rate refers to the percentage of the gross national product (or national income) that has increased the total savings of the whole country in a given period. The formula is:

Total savings rate = (total savings for the current period - total savings for the base period) Gross national product (gross national income) for the current period * 100%.

2. The personal savings rate refers to the percentage of new savings deposits and cash in hand in personal monetary income of residents within a certain period of time. The calculation of the public core Zen formula is: personal savings rate = new personal savings total personal monetary income in the same period * 100%.

The savings rate of each province can be used to increase the amount of savings of banks in the current year The per capita disposable income of each province in the statistical yearbook is the number of people who are income.

3. Savings rate statistics refer to the statistics of the increase in savings of savers in a certain period of time to their income, which reflects the level of savings in a certain period of time, the total savings is the potential resource to promote economic growth, and the total savings rate reflects the accumulation level of the society.

4. The high savings rate is one of the reasons that hinders the development of China's economy and leads to the lack of domestic consumption power. At present, China should gradually reduce the current excessively high savings rate, optimize the consumer financial environment, improve the living security of residents, and let them dare to consume and take the initiative to consume.

China's savings rate has been relatively high for a long time, and there are deep cultural, social and economic reasons for this. In a sense, this phenomenon is a strong driving force for domestic development.

First of all, the Chinese nation.

It is a nation that advocates hard work and active savings in its bones. Historically, the land of China was often hit by floods and droughts, and the ancient ancestors regarded active savings as an important habit. After all, in a year of famine, people must have food in their hands to survive the existential crisis.

This kind of memory is actually engraved in the genes of the entire nation and passed down from generation to generation. In modern society, although the overall losses suffered by disasters are much smaller than those in ancient times, the sense of crisis has always been the inertial consciousness of the Chinese people. This awareness makes people actively save in their daily lives.

Secondly, the pressure of real social life has made Chinese residents maintain good saving habits. Since entering the modern society, the living standards of the Chinese people have been greatly improved. But modern society is a market economy.

Society, this social form.

It is measured by the purchasing power of money. In the chaos of life, only when people have enough money can they meet the needs of daily food, drink, housing and transportation, buying a house and a car, supporting their parents, raising their children, and preventing serious diseases. In a currency can give people a sense of security.

The savings rate is high.

It's a phenomenon that's easy to understand.

Thirdly, the outbreak of the global pandemic has made people re-realize the importance of saving. Since the sharp rise in domestic housing prices, the savings rate of Chinese people has declined, mainly because a large amount of savings have been taken away to pay mortgages and car loans, while other savings have become consumerism.

under the purchasing power of goods. However, the outbreak of the global epidemic has affected the daily work and life of many people. People who have been hit by the epidemic have realized that saving is an important guarantee to survive the stressful period of life.

As a result, people have gradually reduced the frequency of consumption and put savings in a more important position.

To sum up, Chinese residents are more willing to save to deal with the potential risks encountered in life, and this willingness has made the domestic savings rate remain high for a long time. This phenomenon has a long history and has real social causes. After all, "having food in your hands and not panicking in your heart" is a good sense of risk prevention.

In this regard, we must put the importance of saving in perspective.

Because China has always been in development, China's economic development has always been relatively advanced, so there will be more and more.

This has something to do with our development, because everyone's income is relatively high, so it will remain high.

Because China's economic development has always been very good, and there is also a tendency to take advantage of the victory, there is a good savings rate.

Hello, glad to answer for you. How Savings Affect a Country's Output Level Related Material1 In the short run, higher savings rates lead to higher growth rates in aggregate and per capita output. In the long run, as capital accumulates, the growth rate gradually decreases and eventually falls back to the level of population growth.

In a word; The increase in the savings rate cannot affect the steady-state growth rate, but it can actually increase the steady-state level of income, that is, the growth of the savings rate only has a horizontal effect, not an growth effect. .2.

Extended Material 1The savings rate changes, and the shape and wisdom wither into a new steady state compared to the original steady state. The savings rate is increased to form a new steady state, with a higher level of capital stock and higher output.

Lowering the savings rate results in the opposite way. 2。The Effect of Savings Rate on Economic Growth RateThe impact of savings rate on an economic stability state illustrates to a certain extent the impact of the savings rate on the economic growth rate of Qianfudong.

1) A higher savings rate means a higher capital stock stabilisation. When the current level of capital stock of an economy is fixed, an increase in the savings rate means that there is a greater gap between the savings rate and the stable state, so that there will be more room and speed for economic growth, but this is only temporary. (2) As long as the economy reaches its steady state in the long run, it will not continue to grow.

The ratio of savings to income is known as the average propensity to save.

It is expressed by the formula: aps=s y, which is also the slope of the ray formed by the opposition of any point on the savings curve to the origin.

Marginal propensity to consume: The ratio between increased consumption and increased income, that is, the ratio of the increased consumption portion of 1 unit of income, expressed by the formula: mpc = δc δy.

Marginal propensity to save is implicit: Marginal propensity to save is the proportion of increased savings to increased income. Propensity to import: The marginal propensity to import refers to the proportion of incremental income per unit of income devoted to imports.

Changes in average propensity to save and average propensity to spend.

1. The average propensity to save will increase with an increase in income.

2. The average propensity to consume will decrease with the increase of income.

Engel's Law: Poor households spend the majority of their income on food, and as their income increases, the proportion of food spent decreases. The rich save more than the poor, and the loose limbs are not only in absolute terms, but also in relative quantities.

3. APC and APS are complementary to each other.

Savings effect. As a credit fund**. By gathering less into more, turning consumption into accumulation, it is used to increase production and construction funds; To a certain extent, it can promote the adjustment of the proportion and structure of the national economy, so that the process of social reproduction can be accelerated and the scale can be expanded.

As a means of credit withdrawal of money, it is possible to postpone the realization of part of the purchasing power. It is conducive to regulating the circulation of money.

It can guide consumption and help residents arrange their lives in a planned way.

National savings rate: total savings (private and public) divided by net GDP.

The national savings rate, which is the sum of individual and sectoral savings (including household savings, corporate deposits, and retained earnings), public savings, and public deficits (such as fiscal surpluses and deficits), is the ratio of GDP to GDP. In an economy, it doesn't matter who saves money, but how much money is saved in aggregate to fund investment and support economic development.

The household savings rate refers to the percentage of savings in total disposable income.

It is wrong that a country's long-term economic growth rate depends on the country's aggregate savings rate.

Natural factors, population size, science and technology, culture and education have an important impact on the country's economic growth.

The characteristics of natural factors and the status and role of natural resources in human production and life determine the quantity, quality and composition and distribution of natural resources possessed by a country, which have a great bearing on economic development.

The number of people is the unity of producers and consumers, and the development of population must be compatible with the development of material material production.

Science and technology, as the primary productive force, is not only a decisive factor in economic growth, but also plays a tremendous role in promoting other aspects of economic development.

The development of human resources through culture and education is realized through human investment, which includes two aspects, one is physical investment, and the other is intellectual investment.