Savings Rates
The average person would assume that Americans save more than consumers in emerging markets, but that is far from the truth. In fact, part of the reason the United States has been on such a tear since 1982 is increased borrowing and decreased savings. The savings rate in all developed markets is 6.4%, whereas the savings rate in emerging markets is 33.5%. This large amount of savings will allow consumers in emerging markets to spend on homes, autos, vacations, luxury goods, etc. in the future. This, of course, will help drive those economies.