» You are advised to spend about 20 minutes on this task.
The table below shows personal saving as a percentage of personal income for selected countries in 1970, 1990 and 2010. Summarise the information by selecting and reporting the main features, and make comparisons where relevant.
» You should write at least 150 words.
The table data gives information on the percentages of savings from the personal income of people in seven different countries in three different years – 1990, 2000 and 2010. As is obvious, Japanse, French and Italian citizens amassed the highest percentages of their income and the savings percentages decreased over the time.
Now, turning back to the details, the percentages of income devoted to savings by the people in these countries considerably decreased in 2010 compared to that of 1990 except in the UK. The highest savings were done by the Italians in 1990 and the percentage of their savings was almost 30 which reduced to only about 17 percent in 2000 and 11.4 in 2010. French and Japanese also saved over 17% of their income in 1990 which became 13.6% after 20 years for both of these citizens. Interestingly, Canada in the only country where people managed to almost double their savings in 2000 than that of ten years earlier but after further ten years, their savings ration became very little and lower than the savings of people in any other country. Compared to the savings ratio in 2000, only French Japanese and British had been able to save more in 2010 and in the remaining countries, people’s individual savings in terms of their income plunged.
[Written by – Bella]
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