Koreans Save Least Among OECD Nations

  • Arirang News

    October 29, 2014 10:51

    The amount of money being saved by Korean households is among the lowest in the OECD.

    The Bank of Korea says the country's household savings rate stood at 3.4 percent as of 2012, falling short of the OECD average of 5.3 percent. The rate last year was 4.5 percent, up more than one percentage point from the previous year.

    Although it did rise in 2013, the rate has been sliding since 2001, only surpassing the 5 percent mark in 2004 and 2005.

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