consumer savings
Shopper's kept money
Consumer savings refers to the portion of household income that is not spent on goods and services but instead set aside for future use.
This money typically goes into bank accounts, retirement funds, or other financial instruments.
Economists track consumer savings rates as an indicator of economic health and consumer confidence.
Consumer savings dropped sharply during the recession as people dipped into reserves to cover expenses.
The term contrasts with consumer spending, which drives much of economic activity.
- high yieldAbundant output ratio
- frugalityEconomical resource management
- emergency fundReserve for unexpected expenses
- rainy dayPrecipitation-filled twenty-four hours
- budgetingAllocating funds systematically
piggy bank · financial literacy · interest rates · bank · retirement planning · delayed gratification · bargains · disposable income · economical · living within means · impulse control · thrifty · coupon clipping · inflation · price comparison · bulk buying · cost cutting · cash back
consumer savingsconsumer spending
Household purchasing of goods
household spending · discretionary spending · purchasing · buying · disbursement
consumer savingsconsumerism
Preoccupation with acquiring goods
spending spree · impulse buying · conspicuous consumption · overspending · profligacy
consumer savingsconsumer debt
Money owed by individuals
credit card debt · indebtedness · deficit spending · financial insolvency · living beyond one's means
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