Savings
in sentence
1605 examples of Savings in a sentence
In China, switching to climate-friendly refrigerants and boosting the energy efficiency of air conditioning and refrigeration could lead to the equivalent in emissions
savings
of eight Three Gorges hydroelectric dams.
The deficit reflects the difference between domestic
savings
and investment.
More broadly, access to mobile money supported a 20% increase in the
savings
of women-headed households in Kenya.
Given the tremendous
savings
implied by eliminating unnecessary risks, and minimizing those that are inescapable, such prescriptive solutions make economic sense.
This argument is all the more forceful if central banks turn to the “inflation tax,” which falls disproportionately on the poor, who have less means to protect themselves from price increases that undermine the value of their
savings.
Genuine progress depends on Chinese leaders’ willingness to address the structural flaws – namely, the restrictions on domestic private capital – that are impeding the financial system’s ability to channel
savings
to the most promising economic sectors.
A painful deleveraging process implies that private and public spending need to fall, and that
savings
must rise, to reduce high deficits and debts.
This exacerbated the global
savings
glut and global investment slump.
Even the elderly are increasing their savings, owing partly to longer life expectancy and a surge in medical costs.
This contrasts sharply with rapidly declining
savings
rates among the elderly in the United States.
Second, financial repression has capped Chinese households’
savings
at about a zero real rate of return.
In fact, the issue of large actual or potential discrepancies between aggregate
savings
and investment in countries or monetary zones, reflected in current-account imbalances, is at the heart of the IMF’s emerging multilateral surveillance role; it has been a focus of the G-20 as well.
Yet the interest rate is a price for the
savings
that are transferred to spenders.
To the extent that the Fed manages to push this price down (and some economists will dispute its ability to push any meaningful interest rate down), it taxes the producers of
savings
and subsidizes the spenders of
savings.
So why are
savings
different?
A second view is that households are scared and saving too much – they need to be pushed into consuming by lowering the returns to
savings.
It is hard to imagine, though, that with the US household
savings
rate at about 5%, and with households severely indebted, they are saving too much.
Similar declines in real consumption are rare in industrial countries, as in bad years consumers typically draw on their
savings
to keep their consumption relatively constant.
Depressed consumption and higher
savings
have affected all age groups, but the relatively old have been more prone to the trend than the relatively young.
So they are forced to rely on their savings, and virtually stop consuming.
They are also the result of government decisions: how much to tax and spend (which determines the amount of government
savings
or deficits), investment regulations, exchange-rate policies, and so forth.
A country’s trade deficit equals the difference between domestic investment and savings, and developing countries are normally encouraged to save as much as they can.
Stronger safety net programs might reduce the need for precautionary
savings
in the future, but such reforms cannot be accomplished overnight.
It is difficult to see how a change in China’s exchange rate would have a significant effect on either
savings
or investments in the US – and thus how it would redress global imbalances.
With the US trade deficit the major global imbalance, attention should focus on how to increase its national
savings
– a question that US governments have struggled with for decades, and one that was frequently debated when I was chair of President Clinton’s Council of Economic Advisers.
While it’s true that tax preferences might yield slightly higher private savings, the loss of tax revenues would more than offset the gains, thereby actually reducing national
savings.
The absence of such outbursts of popular anger in Italy can be explained partly by the
savings
cushion built by previous generations.
Older citizens’ substantial
savings
make them amenable to economic torpor.
As in Japan, these older citizens have ample
savings.
In the Piedmont region, for example, those with
savings
of at least €350,000 ($461,000) are 66 years old, on average.
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