Saved at a financial institution in the past year (% age 15+)

This indicator reflects the portion of individuals aged 15 and older who have actively engaged in saving or allocating funds through recognized financial entities, such as banks, credit unions, or microfinance organizations, within the last year. It serves as a vital measure of financial inclusion and economic behavior, shedding light on the prevalence of savings habits among different demographic segments. Additionally, this statistic not only highlights the capacity of individuals to set aside money but also indicates their trust in formal banking systems. An increase in this percentage can suggest improved financial literacy and stability, while a decrease may point to broader economic challenges affecting the ability to save. Source: