Graph and download economic data for Personal Saving Rate (PSAVERT) from Jan 1959 to Jun 2025 about savings, personal, rate, and USA.

Personal savings in the United States reached a value of 975 billion U.S. dollars in 2024, marking a slight increase compared to 2023. Personal savings peaked in 2020 at nearly 2.7 trillion U.S. dollars. Those figures remained very high until 2021. The excess savings during the COVID-19 pandemic in the U.S. and other countries were the main reason for that increase, as the measures implemented to contain the spread of the virus had an impact on consumer spending. Saving before and after the 2008 financial crisis During the periods of growth and certain economic stability in the pre-2008 crisis period, there were falling savings rates. People were confident the good times would stay and felt comfortable borrowing money. Credit was easily accessible and widely available, which encouraged people to spend money. However, in times of austerity, people generally tend to their private savings due to a higher economic uncertainty. That was also the case in the wake of the 2008 financial crisis. Savings and inflation The economic climate of high inflation and rising Federal Reserve interest rates in the U.S. made it increasingly difficult to save money in 2022. Not only does inflation affect the ability of people to save, but reversely, consumer behavior also affects inflation. On the one hand, prices can increase when the production costs are higher. That can be the case, for example, when the price of West Texas Intermediate crude oil or other raw materials increases. On the other hand, when people have a lot of savings and the economy is strong, high levels of consumer demand can also increase the final price of products.

Household Saving Rate in the United States remained unchanged at 4.50 percent in June from 4.50 percent in May of 2025. This dataset provides - United States Personal Savings Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In December 2024, the personal saving rate in the United States amounted to 3.8 percent. That was slightly lower figure than a year earlier. The personal saving rate is calculated as the ratio of personal savings to disposable personal income. Within the topic of personal savings in the U.S., there are different goals and reasons for saving. What are personal savings? Saving refers to strategies of accumulating capital for future use by either not spending a part of one’s income or cutting down on certain costs. Saved money may be preserved as cash, put on a deposit account, or invested in various financial instruments. Investing usually incorporates some level of risk which means that part of the invested money can be gone. An example of a relatively safe investment would be saving bonds, such as the debt securities issued by the U.S. Department of the Treasury. Saving trends in the U.S. and abroad Looking at the personal saving rate in the United States throughout the past decades, it can be observed that savings had been decreasing until the mid-2000s, and they increased after the 2008 financial crisis. Still, the largest savings rates were reached in 2020 and 2021. The reason for that increase in the savings rate that year might be related to the measures to contain the COVID-19 pandemic. The value of personal savings in the United Kingdom has also followed a similar trend. Although events like the COVID-19 pandemic may have affect many countries in a similar way, the ability to save, as well as the average savings as a share of personal income across countries can vary significantly depending on multiple factors affecting each territory.

Graph and download economic data for Personal Saving (PSAVE) from Q1 1947 to Q2 2025 about savings, personal, GDP, and USA.

As of between April 2022 and June 2023, the median amount of savings that adults had in their balance in the United States decreased significantly. The average savings balance also decreased, according to a survey. The reason for the disparity between the median and mean values is that the answers of those respondents with very high savings that distort the results of the mean, but not the median.

In the 1st quarter of 2025, personal savings amounted to 3.97 percent of the disposable income in the United States. The personal savings rate peaked in 2020, when U.S. households saved on average over 15 percent of their income. After that, it has remained between three and five percent. Savings during recessions During recessions, households often tend to increase their savings due to economic uncertainty and to compensate for any possible loss of income, which could occur, for example, in the case of falling into unemployment. For example, as seen in this statistic, the savings rate increased noticeably between 2007 and 2012, coinciding with a period of crisis. However, there are also factors that affect the amount of money that households can manage to set aside, such as inflation. Saving can be particularly difficult during periods when the inflation rate has been higher than the growth rates of wages. Savings accounts The value of savings deposits and other checkable deposits in the U.S. amounted to roughly 11 trillion U.S. dollars in early 2025, even after a significant fall in the amount of money placed in those types of instruments. In other words, savings accounts are a type of financial asset that is very widely used among households to save money. Nevertheless, interest rates of savings’ accounts differ a lot from one financial institution to another. Some of the lesser-known online banks had the highest interest rates, while the major banks often offered lower interest rates.

This dataset provides values for PERSONAL SAVINGS reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Graph and download economic data for Personal saving as a percentage of disposable personal income (A072RC1Q156SBEA) from Q1 1947 to Q2 2025 about disposable, savings, personal income, percent, personal, income, GDP, and USA.

The overall value of household savings in the United States decreased a lot in 2023, after it reached values of well over two trillion U.S. dollars in 2020 and 2021. Household savings peaked in 2020, when they amounted to 2.7 trillion U.S. dollars, which was a very strong increase compared to the previous year. The personal savings as a share of disposable income in the U.S. also peaked in 2020 and 2021.

Graph and download economic data for National Rate: Savings (SNDR) from Apr 2021 to Jul 2025 about savings, deposits, rate, and USA.

Key information about US Gross Savings Rate

• US Gross Savings Rate was measured at 17.8% in Dec 2022, compared with 17.8% in the previous quarter.
• US Gross Savings Rate is updated quarterly, with data available from Mar 1947 to Dec 2022, and an average rate of 17.8%.
• The data reached an all-time high of 17.8% in Mar 1965 and a record low of 13.3% in Sep 2009.
• The Bureau of Economic Analysis provides quarterly Gross National Savings Rate.
• In the latest reports, US GDP expanded 0.9% YoY in Dec 2022.
• US Nominal GDP reached 6,534,498.0 USD mn in Dec 2022. Its GDP deflator (implicit price deflator) increased 6.4% in Dec 2022.
• US GDP Per Capita reached 59,484.0 USD in Dec 2017.

Graph and download economic data for Household saving (W398RC1A027NBEA) from 1992 to 2023 about savings, households, GDP, and USA.

The statistic shows the average total college savings made by families in the United States through various savings vehicles in 2018, by ethnicity. The average amounts saved by White families for college by means of investments in 2018 amounted to ***** U.S. dollars, whereas in Black families this sum amounted to ***** U.S. dollars.

The average for 2022 based on 37 countries was 369.77 billion U.S. dollars. The highest value was in China: 8192.33 billion U.S. dollars and the lowest value was in Lebanon: -4.41 billion U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

The statistic shows the average retirement account balances of Americans between 50 and 64 as of November 2010, by pension plan. On average, Americans from the bottom 25th percentile (0 - 10,800 U.S. dollars) had 281 U.S. dollars in a KEOGH pension plan, a tax deferred pension plan available to self-employed individuals or unincorporated businesses for retirement purposes. The same income group had, on average, 9,160 U.S. dollars in IRA (individual retirement account) pension plans. Additional info: Retirement saving It is never too early to start thinking about retirement. Plans and provisions for our twilight years often get put off as we deal with life’s more pressing demands, and with solid economic recovery still far from guaranteed, savings plans have been impacted. Despite this, those who wish to enjoy the golden years of their life should save early and save often. There are a number of saving strategies and a number of possibilities available for retirement saving, and this can seem quite daunting and difficult to figure out at first. The U.S. Department of Labor recommends determining net worth to be a good place to start i.e., the total value of assets minus the value of debts. Having ascertained this, and judging by your age, you can start planning how to get the most out of your retirement savings. You should contemplate where you want to be and how you’re going to get there. If you have age on your side, you can afford to be aggressive and put money into riskier funds. If your fund loses in value, you have time to let it grow. However, if you are getting close to retirement, more intensive and low-risk saving methods are recommended.

United States US: GDP: % of GDP: Gross Domestic Savings data was reported at 16.890 % in 2016. This records a decrease from the previous number of 17.536 % for 2015. United States US: GDP: % of GDP: Gross Domestic Savings data is updated yearly, averaging 20.813 % from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 24.724 % in 1966 and a record low of 14.770 % in 2009. United States US: GDP: % of GDP: Gross Domestic Savings data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Gross Domestic Product: Share of GDP. Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption).; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

This map shows how each county, tract, and block group compare to the national average amount that households have in their savings/checking accounts. This pattern is shown for the entire United states.The map highlights if areas are better or worse off than the average American household. This is shown using an index. A value of 100 represents the national average, which is $330/month. A value over 100 means the average amount in savings/checking is worse-off than the national average. A value under 100 means the households in that area on average have more than the national average in their checking/savings.Values near 100 are a white or light grey (close to average)Values above 100 are shown in red (higher risk)Values below 100 are shown in dark grey (lower risk)The size of each symbol represents how many households live within that area. A large diamond symbol means there are more households in an area. The popup provides the risk index, the average monthly amount households have in their savings, and the number of households.To see this index compared to related topics within an overall risk index, visit this map. This map was created to evaluate the population's possible readiness for a $400 emergency expense. The data is from the USA 2017 Esri Demographics.

Americans start managing their retirement finances early in life, thanks to many financial instruments and products for those who want save money for their late years. As the graph shows, retirement savings increase with age. The age group boasting the highest average value of retirement savings are individuals between 65 and 69, with over ******* thousand. As many people start retiring, retirement savings start decreasing for individuals over 70 years of age.

Bulgaria: Savings, billion USD: The latest value from 2023 is 21.03 billion U.S. dollars, an increase from 18.2 billion U.S. dollars in 2022. In comparison, the world average is 216.52 billion U.S. dollars, based on data from 123 countries. Historically, the average for Bulgaria from 1980 to 2023 is 7.73 billion U.S. dollars. The minimum value, 0.67 billion U.S. dollars, was reached in 1993 while the maximum of 21.03 billion U.S. dollars was recorded in 2023.