Running down the saving buffer
'EXCESS' SAVING: FLOW & LEVEL
24
300
CUMULATIVE EXCESS SAVING $BN (RHS)
20
250
16
200
CUMULATIVE EXCESS SAVING % OF INCOME (LHS)
12
150
8
100
* ACTUAL SAVING VERSUS 2019 AVERAGE SAVING RATE (6½%). QUARTERLY DATA AT AN ANNUAL RATE.
4
50
0
0
'EXCESS' SAVING $BN AR* (RHS)
-4
-50
2019 2020 2021 2022 2023 2024 2025
1
Sources: ABS
35
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