Graph and download economic data for Net saving as a percentage of gross national income (W207RC1Q156SBEA) from Q1 1947 to Q2 2023 about national income, GNI, savings, gross, percent, Net, income, GDP, and USA.
I thought I saved my reply, but I don’t see it. The savings rate is by no means a driving factor, just a side effect. As income moves to financial assets designed to avoid taxes, it also makes it invisible to the savings rate. Doubling this effect is that it also selects for income that’s more constrained by expenses, because those that do report their full income, are those that can’t afford to hide it.
I thought I saved my reply, but I don’t see it. The savings rate is by no means a driving factor, just a side effect. As income moves to financial assets designed to avoid taxes, it also makes it invisible to the savings rate. Doubling this effect is that it also selects for income that’s more constrained by expenses, because those that do report their full income, are those that can’t afford to hide it.
Interesting, thanks