Portion of disposable income not spent on consumption of consumer goods but accumulated or invested directly in capital equipment or in paying off a home mortgage, or indirectly through purchase of securities.
Gross income of an individual or firm from which direct taxes (such as PAYE, income tax) have been deducted. When essential expenditure (such as on food, clothing, shelter) is deducted from the disposable income, the balance is called discretionary income which the income earner is free to spend or save.
By this definition, I guess I need to change my answer.
Comments
Definition of Savings:
Definition of disposable income:
By this definition, I guess I need to change my answer.
For the sake of simplicity, perhaps you should define "savings" as a percentage of gross income for this poll.