Household savings increase

 Thanks to tutor2u https://www.tutor2u.net/economics/blog/luxury-goods-why-are-nordic-blueberries-so-expensive?utm_medium=email&utm_campaign=Daily%20tutor2u%20Economics%20blog&utm_content=Daily%20tutor2u%20Economics%20blog+CID_ac84524526513e2f90812654448841fe&utm_source=CampMonitor&utm_term=Luxury%20Goods%20-%20Why%20are%20Nordic%20Blueberries%20so%20expensive

Savings ratio

Good graph from the BBC half way down
https://www.bbc.co.uk/news/business-53387647

Savings ratio increases in the UK

Thanks to the BBC
https://www.bbc.co.uk/news/business-53234128

Savings ratio

Thanks to econhelp
https://www.economicshelp.org/blog/848/economics/savings-ratio-uk/

Savings ratio data

https://tradingeconomics.com/united-kingdom/personal-savings

Should we be concerned about a falling savings ratio?

Nice post, including data, from economicshelp
http://www.economicshelp.org/blog/25479/economics/should-we-be-concerned-about-fall-in-savings-ratio/

The savings ratio

Thanks to economicshelp for the explanation and data
http://www.economicshelp.org/blog/848/economics/savings-ratio-uk/
and evaluation of the falling savings ratio in the UK
http://www.economicshelp.org/blog/25479/economics/should-we-be-concerned-about-fall-in-savings-ratio/

Savings ratio

Thanks to economicshelp for this
https://www.economicshelp.org/blog/848/economics/savings-ratio-uk/

Unit 2: Consumer spending and saving data

A powerpoint from tutor2u packed with relevant data

http://www.tutor2u.net/economics/chartrooms/consumerspendingsaving/player.html

Unit 2: A shrinking economy and rising savings ratio

The BBC reports that the UK economy shrunk by 1.6% in the last 3 months of 2008. In addition, it appears that the recession is leading people to save more

http://news.bbc.co.uk/1/hi/business/7967597.stm

a) Define the savings ratio
b) With savings interest rates at close to zero, why would peeople be saving more?
c) Using an AD/AS diagram, explain the likely consequences on the UK economy of an increase in the savings ratio
d) Following on.......explain why in the long term an increase in the savings ratio might be desiarable but why in the short run it is not