Savings
in sentence
1605 examples of Savings in a sentence
Moreover, the legally mandated
savings
rate is only 10% of the monthly wage, and men and women can retire at 65 and 60, respectively – figures that are much lower than the OECD average.
That combination could yield decent pensions only if the returns on
savings
were astronomical.
The key lesson from Chile is that a defined-contribution, funded system with individual accounts has some advantages: it can stimulate savings, provide a large and growing stock of investible funds (over $170 billion in Chile), and spur economic growth.
In response to the recent protests, the government has proposed an additional risk-sharing scheme: some (thus far undecided) part of a five-percentage-point increase in the mandatory retirement
savings
rate, to be paid by employers, will go to a “solidarity fund” that can finance transfers to people receiving low pensions.
In the medium to long run, it seems likely that wages will adjust, so that the effective burden of the additional
savings
will be borne by employees, not employers.
One study estimates that workers treat half of the compulsory
savings
as a tax on labor income, so too-large an increase (especially in the funds that do not go to the worker’s individual account) could cause a drop in labor-force participation, a shift from formal to informal employment, or both.
But it might also provide an opportunity for a better plan: eliminate the current enormously expensive tax subsidy for employer-financed insurance and use the revenue
savings
to subsidize everyone to buy comprehensive private insurance policies with income-related copayments.
Instead, it should allow private equity funds, which have accumulated large amounts of
savings
as they await good investment opportunities, to act as AMCs, bidding for the NPLs at a discount.
More productive infrastructure could reduce the world’s infrastructure bill by 40%, or $1 trillion annually –
savings
that could boost economic growth by about 3%, or more than $3 trillion, by 2030.
Additional opportunities for
savings
– to the tune of $400 billion annually – lie in more streamlined delivery of infrastructure projects.
There is massive scope to accelerate approvals and land acquisition, structure contracts to encourage innovation and savings, and improve collaboration with contractors.
Congestion pricing can also reduce the need for new capacity, while providing significant
savings
in terms of fuel costs and time.
Household
savings
became negative for the first time since the Great Depression, with the country as a whole borrowing $3 billion a day from foreigners.
This idea has also given rise to a very strong presumption that if an economy as a whole is under-saving and under-investing, the government ought to help to correct this problem by running surpluses, not make it worse by running deficits that drain the pool of private
savings
available to fund investment.
Moreover, a lot of emergency government spending on current items is really best seen as national
savings
and investment.
While some countries have achieved sustained medium or high growth, they have relied on high levels of public and private investment, financed mainly by domestic
savings.
The Myth of the “Ownership Society”"No," said former Fox News journalist Tony Snow, newly appointed as one of George W. Bush’s closest aides, his Press Secretary, when asked recently about his retirement
savings.
Meanwhile, domestic
savings
in emerging economies are growing rapidly.
In other parts of the world, capital markets have proven to be effective intermediaries in allocating
savings
and other funds to national development priorities.
In that case, the costs tomorrow would be far higher than the
savings
today.
But, since the growth model in vogue at the time laid principal emphasis on capital accumulation, China was widely held to have the advantage, because it could raise its investment rate higher than India, where democracy limited the extent to which the population could be taxed to increase domestic
savings.
Nevertheless, the promise of great cost
savings
and major advances in service delivery is at hand.
To accelerate consumption growth, China's leaders must implement a stronger and more comprehensive social safety net, thereby reducing the need for high precautionary
savings.
This helps to explain why so many companies continue to hoard cash, rather than investing domestically, and why a growing number of countries want to diversify gradually away from dependence on the dollar as the reserve currency and on US financial markets for intermediation of their hard-earned
savings.
This estimate includes
savings
from both economic and health outcomes, such as increased worker productivity and averted cases of chronic diarrhea and other diseases.
Just a few years ago, Ben Bernanke, then the chairman of the US Federal Reserve Board, talked about a global
savings
glut.
The problem, then as now, is that the world’s financial markets, meant to intermediate efficiently between
savings
and investment opportunities, instead misallocate capital and create risk.
Most of the investment projects that the emerging world needs are long term, as are much of the available
savings
– the trillions in retirement accounts, pension funds, and sovereign wealth funds.
Back then, the G-7 dominated global economic policymaking; today, China is the world’s largest economy (in purchasing-power-parity terms), with
savings
some 50% larger than that of the US.
When China proposed the Asian Infrastructure Investment Bank to help recycle some of the surfeit of global
savings
to where financing is badly needed, the US sought to torpedo the effort.
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