The household saving rate is generally regarded as the main national source of income to finance investment,
which is a major ingredient for long-term economic growth. Due to institutional, demographic and socioeconomic
differences, household saving rates vary between countries across the globe (OECD, 2013). Changes in the
household saving rate are partly dependent on the household present and future income, their expenditures, interest
and inflation rates, and the general socioeconomic uncertainties. All things being equal, households might decide to
spend more and save less when their net disposal income increases and vice versa