4.1. Savings Market Statistics

In addition to securing the economic future of people, Savings investments are an indispensable part of a sustainable and healthy economy, especially the production of high value-added products in an economy. People increase savings investments in predictable and working economies, and often these investments encourage the sustainable delivery of qualified products and services in the economy concerned that will drive that economy. Savings statistics tell a lot about whether a country is a healthy, sustainable, secure economy and the economy as a whole. Many countries' regulations, public and private institutions encourage savings investments with various incentives. For this reason, the field of savings has turned into a constantly growing market over time.

, it was stated that savings deposits and other checkable deposits in the USA reached a total size of 11.7 trillion dollars at the beginning of 2023. In the same study, considering that savings deposits in the USA alone amounted to approximately 11 trillion US dollars by 2020, it is striking that there has been a significant increase in short-term, proportional savings deposits in the last few years.

, it is seen that there is a linear upward acceleration to the levels of approximately 10.7 trillion dollars from 0.4 trillion dollars. This study covers the value of savings deposits at all depository institutions in the United States, from 1980 to 2020.

and published in Forbes, it is stated that as of April 2023, US personal savings amounted to 802.1 billion dollars. In the same study, in a survey conducted as of March 2023, it is stated that two-thirds (66%) of Americans made savings in the previous year.

; It is stated that 60% of UK households have some kind of savings account, British households have saved 7.6% of their disposable income as of Q2 2022, individual savings accounts exceed 12.2 million in total. In the same study, it was stated that all individual savings accounts in the UK amount to approximately $95 billion.

When we look at the savings deposits and especially individual savings account statistics of other European countries and major economies, we see that the savings investments market continues to grow with a strong momentum over time, even though there are fluctuations due to short-term macro and micro economic developments.

The savings market will continue its growth momentum when we consider that saving is a vital component of a healthy and sustainable economy and is critical to the economic security, liberty of individuals, and that individual savings investments are supported by both the public and private sectors.

The size, importance and potential of the Savings marketplace will leverage the products and services offered by the Nexspecto platform.