Given table gives us the idea about the people’s personal savings as a part of their yearly income of different developed Nations during last few decades of 1900’s and year 2000.
We can observe that Italians were able to save a huge chunk while citizens of france, Japan and Germany were able to save reasonable amount of money while North American people could barely save anything.
At the beginning of 1970’s ,Italians were able to save nearly one third of money they made during the year. Comparing to other countries like France, Japan an Germany , they were able to save in the range of 15 to 20% which can be stated as a good amount , But situation of North Americans and Uk citizens was not good at tall, as the they were struggling to save around 5-10%
But as we move ahead, During 1990, nearly after 2 decades has passed and now we can see huge change in numbers, Italians were able to save nearly half of what they used to. Japan and France people saved two-third while Germany was consistent around 12%c , While Canadians were making it through nearly saving more than double, While situation in USA and Uk continued to remain worse.
Now at the arrival of 21st century in 2000, we can see that the numbers were changed dramatically. Amount of money that people were able to save accross the given countries were more or less around 11-14%, very similar to each other.However, there were some exceptions , Conditions of Canadians was worsened with minimal saving to their names around 1.9%, Similar was the case with U.S.A residents