Influencing Components of Human Savings Behavior in Sylhet City

Abstract

Saving can be defined as difference between individual's disposable income and its consumption. Saving is the normal human nature. This study aims at identifying some important components which influence human saving behavior. A highly structured questionnaire was prepared to collect primary data from 350 depositors from the different banks of Sylhet City in Bangladesh. Several tools (Descriptive Statistics, Factors Analysis and Multiple Regression Analysis) have been used to find out core cause of human savings. The researcher has found at least 15 components that influence human saving behavior. So there have been 1 dependent variable i.e., saving fascination and 15 different independent variables i.e., to be rich man, to buy durable goods, Children education, to travel in future, etc. The findings of the study reveal five core components which influence human saving behavior mostly i.e., to have enough social security, to earn profit, for some dependent persons, to be rich man and to travel in future.