How
much pocket money do you receive
from your parents? And how much do you savemonthly? Saving money is
important for the future. However, a recent report showed that
Koreans don’t save much money.
According to the report by the OECD (Organization for Economic Cooperation
and Development)경제협력개발기구, South Korea’s savings rate stood at 2.8
percent last year. It is much lower than the average OECD member countries’
savings rate of 6.1 percent.
South Korea’s savings rate was at its peak two decades ago at 25.9 percent.
However, it continued to decrease and in 2009, the
nation’s savings rate was the fifth lowest among 20 OECD member nations. The latesteconomic crisis and skyrocketingcost of living are the main reasons for the low
savings rate. Savings are important to sustain our economy. Therefore,
low savings rate has negative effects both on
each household and our overall economy.
안녕하세요.
Korea’s Household Savings Rate Falls
How
much 
