savings

As middle-class Malaysians save less, Gen Z bucks the trend

Rising costs leave middle class with thinner buffers, but younger Malaysians save more via digital tools

This is the second year in a row that UOB has cut rates on its One Account.

UOB trims interest rate on flagship One Account, joins OCBC in 360 Account cut

Markets expect there will be more US Fed rate cuts later this year

The Central Provident Fund Board says it is a key pillar of Singapore’s social security system.

Eight CPF-related changes to take place in 2025

The measures aim to help members build up their savings for retirement, housing and healthcare

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🧸 Is it ever too early to start working on financial literacy?

Should the usual childhood swimming, art or music enrichment classes be replaced with money management sessions and financial literacy camps 🧮? 

British consumers have continued to add to a pile of savings initially built up during Covid lockdowns, rather than run them down in a spending splurge like in the US. 

£338 billion savings pile to blame for UK growth lagging US

The economy may yet get a boost from households if more confident consumers begin to unwind their savings

The household saving rate, which measures savings as a proportion of disposable income, rose to 15.3 per cent in the euro area during the first quarter, up from 14.1 per cent in the fourth quarter of 2023.

Eurozone household savings highest since 2021, but investments fall

HOUSEHOLD savings in the eurozone rose to their highest level in about three years while investments continued to fall in the first quarter of 2024, the European Union’s statistics office said on Thur...

Before starting to save, have a plan to knock out any high-cost debt, such as those on credit cards.

Getting started with savings

When you’re in your 20s, retirement seems so abstract, it might as well be thousands of years away.

Chinese residents, unimpressed with falling deposit rates at banks, are pouring their savings into higher-yielding wealth and money-market funds offered by asset management firms.

China financial firms are unusually cash-rich as savers pile in

CASH is so abundant in China’s financial markets that even traditionally liquidity-starved firms are swimming with money.

Net financial savings of households increased to about 6 per cent of gross domestic product in the fiscal year that just ended.

India’s household savings likely rose after 2 years of declines

People are parking more of their cash in mutual funds, insurance and retirement funds