A Comparison of Singapore (SG) and USA Personal Savings Rate (PSR)
Statistics from: Singapore Department of Statistics and US Federal Reserve Bank of St. Louis . The Personal Savings Rate (PSR) of an economy is one of the components in the assessment of a country’s economic health; and resilience to economic and financial market shocks. PSR= Savings/Disposable Income x 100. Disposable Income= Income-Taxes. Notes Personal Savings Rate % (PSR) is computed at National Accounts (GDP) level therefore some items may not be what you usually think of as personal savings. Here, Savings include CPF contributions, as well as the Personal Disposable Income and Private Consumption of Goods and Services of Permanent Residents and Migrant Labor. Income includes the rental income of private property by the rich, as well as amounts from CDC Vouchers, and other government transfers. With $36 trillion in debt, a weakening USD and increasing budget deficit due to tax cuts, and a low PSR, the US economy has the potential t...