Personal Saving Rate as a share of disposable income in the United States decreased to 2.30 percent in October, the lowest since 2005 as the high inflation rate and rising borrowing costs are eating out the cushion Americans accumulated during the COVID-19 pandemic. source: U.S. Bureau of Economic Analysis

Personal Savings in the United States averaged 8.94 percent from 1959 until 2022, reaching an all time high of 33.80 percent in April of 2020 and a record low of 2.20 percent in July of 2005. This page provides - United States Personal Savings Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Personal Savings Rate - values, historical data and charts - was last updated on December of 2022.

Personal Savings in the United States is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Personal Savings Rate is projected to trend around 2.60 percent in 2023 and 3.20 percent in 2024, according to our econometric models.

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United States Personal Savings Rate

Related Last Previous Unit Reference
Consumer Spending 14159.90 14099.50 USD Billion Sep 2022
Disposable Personal Income 18771.60 18700.30 USD Billion Sep 2022
Personal Spending 0.80 0.60 percent Oct 2022
Personal Income 0.70 0.40 percent Oct 2022
Personal Savings 2.30 2.40 percent Oct 2022

United States Personal Savings Rate
In the United States, Personal Saving Rate correspond to the ratio of personal income saved to personal net disposable income during a certain period of time.
Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.40 33.80 2.20 1959 - 2022 percent Monthly
Seasonally Adjusted