Bank Governor: Cash Accounts and Finance Minister

bank governor: But they are talking about households and their spare cash, according to The Guardian. And cash accounts for only a small proportion of the savings held by most people. Not a week passes without a central bank governor or finance minister telling us we don't save enough. These days our accumulated wealth is our savings and far from being a way to protect us from financial shocks, they are toxic and slowly killing the world's economies. Earlier this year the International Monetary Fund felt the need to add it all up and declared it a savings glut. Firstly there is the sheer scale of savings held by individuals, companies and governments. (news.financializer.com). As reported in the news.