ONS report: households are saving more money

A report from the Office of National Statistics (ONS) revealed the saving ratio for households was 6.7% in the three months ending June. This is a 0.7% rise on the first quarter of the year and represents a gross household saving of £18.2bn in the period - up from £16bn. The ONS said the saving ratio is a key indicator of the economic situation in homes across the country. It describes the savings households make in relation to total income from wages, salaries, pensions, benefits, share dividend, net interest and self-employment income. The Economic Position of Households - Q2 ...