WIESBADEN – As reported by the Federal Statistical Office on the occasion of the World Savings Day on 30 October, the inhabitants of Germanyput aside a monthly average of EUR 170 during the first six months of this year. The overall amount saved totalled EUR 84 billion. When seasonally adjusted, the savings ratio – amount saved in relation to the disposable income – rose by 0.4 percentage points from the first six months of 2006 to 10.9% in the first six months of 2007. This means that the level of the mid-1990s has been reached again. There may be marked differences between individual households, depending on saving propensity and income.
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