Reported 9 months ago
Taiwan's excess savings rate is currently the highest in the world, with many individuals choosing to save money in banks rather than spend, especially during times of high inflation. According to the latest forecast by the Directorate-General of Budget, Accounting and Statistics, this year's excess savings rate is expected to reach 16.7%, with excess savings projected to exceed 4.21 trillion yuan, breaking the 4 trillion yuan mark for the first time. While high savings rates indicate excess funds, it may lead to issues like skyrocketing real estate prices and stock market bubbles, potentially negatively impacting the overall economy.
Source: YAHOO