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.