Despite some of the expert economists still believing that household savings are still high, there is enough evidence circulating that national savings has dropped significantly. In the last quarter of 2015 it was down to 7.6 percent which was 9 percent in the previous quarter, which was 10 percent to 12 percent coming out of the global economic downturn. Australia’s saving is down to what it was in 2008, however this is still considered high and a severe housing correction may still be avoided. Household Savings The household savings sector is not looking good at this time. This drop in […]
