Friday, September 14, 2012

Financial Fact Friday #2

Well, it's finally Friday and you know what that means, it's time for the second weekual Financial Fact Friday. Or for those of you that like saying part deux, Financial Fact Friday Part Deux. I found today's financial fact while checking into SaveUp to see if I could get a bonus free play for the day. I'm still winless by the way.

Anyway, now to the fact. Ireland has the highest savings rate by its citizens with 19.3% of income saved. The SaveUp article looks at a comparison by 24/7wallstreet of the top ten countries with the highest savings rate by its citizens. Here's the top ten...

1.Ireland19.3%
2.France16.0%
3.Spain13.1%
4.Belgium12.2%
5.Germany11.4%
6.Sweden10.8%
7.Switzerland10.1%
8.Portugal9.8%
9.Australia9.3%
10.Austria9.1%

Where does the U.S. fit in? Well, the article didn't specify the ranking, but we save 5.8%. I'm guessing that's quite a ways down the list.

Which country does your savings rate line up with?

2 comments:

  1. ElmerSeptember 16, 2012 at 11:58 AM

    Surprised the US was that high. I thought it would be negative. :( Do these numbers count 401k savings?

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  2. Mrs PSeptember 17, 2012 at 9:12 AM

    I know for a fact we save at least 13% and we always have some budget excess which I am thinking would easily take us up to Ireland standards. I agree with Elmer--the US isn't negative??? I thought as a rule most Americans (not us personal financial saavy people of course) spent more than they made.

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