It is also “age matched” to avoid the effect of life-cycle factors and an adjustment is made for the number of people in the household. BIS central bankers’ speeches  3  Graph 4  It is also possible to look at how saving rates have changed for different age groups (Graph 5).
Doing this, it is clear that the increase has been largest for younger households and smallest for older households. This result holds for both households that are renting and those that are owner occupiers. The survey suggests that younger households have experienced income growth broadly in line with that of other groups.