The table below shows personal savings as a percentage of personal income for selected countries in 1970, 1990 and 2000. Summarise the information by choosing and reporting the key features, and make any relevant comparisons.
The table data gives information on the
ratio
of savings
from the personal proceeds of people in seven different countries in three different years
- 1990, 2000 and 2010. As is obvious, Japanese, French and Italian citizens amassed the highest ratio
of their earnings and the savings
ratio
decreased over time.
Now, turning back to the details, the percentages of income devoted to savings
by the people in these countries considerably decreased in 2010 compared to that of 1990 except in the UK. The highest savings
were done by the Italians in 1990 and the percentage of their savings
was almost 30 which reduced to only about 17 percent in 2000 and 11.4 in 2010. French and Japanese also
saved over 17% of their income in 1990 which became 13.6% after 20 years
for both of these citizens. Interestingly, Canada is the only country where people managed to almost double their savings
in 2000 ten years
earlier but after a further
ten years
, their savings
ratio
became very little and lower than the accumulation of society in any other country. Compared to the accumulation ratio
in 2000, only French Japanese and British had been able to save more in 2010 and in the remaining countries, society's individual accumulation in terms of their income plunged.Submitted by addaragelal on
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Vocabulary: Replace the words ratio, savings, years with synonyms.
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Vocabulary: The word "compared" was used 2 times.
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Vocabulary: The word "percentages" was used 2 times.
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Vocabulary: The word "ratio" was used 5 times.
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Vocabulary: The word "decreased" was used 2 times.
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Vocabulary: The word "almost" was used 2 times.
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