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On balance, it seems likely that the saving ratio will rise further over the next year or so.
ECONOMIST: The return of thrift
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Indeed, the saving ratio fell to 4.2% of disposable income in 2004, the lowest since the series started in 1963.
ECONOMIST: A weaker economy needs easier money
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The saving ratio has already risen beyond the Treasury's forecast this April, which envisaged it averaging 4.5% in 2009 and 5% in 2010.
ECONOMIST: The return of thrift
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There are some reasons to expect the saving ratio to stabilise.
ECONOMIST: The return of thrift
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By contrast, the National Institute of Economic and Social Research foresaw in July that the saving ratio would rise to 6.1% this year and 8.9% in 2010, resulting in a further fall in consumer spending next year, of 1.1%.
ECONOMIST: The return of thrift
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In most cases, an asset-to-salary ratio is used to determine if a person is saving enough for retirement.
FORBES: With Retirement Savings, How Do You Compare To Others Your Age?
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It will, he claims, have a lift-to-drag ratio eight times better than a jet airliner's, with a consequent saving in energy.
ECONOMIST: Maglev trains