Household Saving Rate in the United States increased to 4.60 percent in January from 3.50 percent in December of 2024. This dataset provides - United States Personal Savings Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Personal savings in the United States reached a value of 911 billion U.S. dollars in 2023, which is significantly higher than in 2022. 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 crisisDuring 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 inflationThe 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.

Graph and download economic data for Personal saving as a percentage of disposable personal income from Q1 1947 to Q4 2024 about disposable, savings, personal income, percent, personal, income, GDP, and USA.

United States - Personal Saving Rate was 4.60% in January of 2025, according to the United States Federal Reserve. Historically, United States - Personal Saving Rate reached a record high of 32.00 in April of 2020 and a record low of 1.40 in July of 2005. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Personal Saving Rate - last updated from the United States Federal Reserve on March of 2025.

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

Graph and download economic data for Personal saving (A071RC1A027NBEA) from 1929 to 2024 about savings, personal, GDP, and USA.

United States - Personal saving: Excluding imputations was 85.88200 Bil. of $ in January of 2022, according to the United States Federal Reserve. Historically, United States - Personal saving: Excluding imputations reached a record high of 2210.08600 in January of 2020 and a record low of -535.23800 in January of 2005. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Personal saving: Excluding imputations - last updated from the United States Federal Reserve on March of 2025.

Graph and download economic data for Personal Saving for United States (Q1091BUSQ027SNBR) from Q1 1946 to Q3 1966 about savings, personal, and USA.

Graph and download economic data for Ratio of Personal Saving to Disposable Personal Income for United States (Q1074AUSQ163SNBR) from Q1 1939 to Q4 1946 about disposable, savings, ratio, personal income, personal, income, and USA.

United States - Private Defined Benefit Pension Plan: Effect of participation in defined benefit plans on personal income, saving, and wealth: Effect on personal income was 160.73300 Bil. of $ in January of 2023, according to the United States Federal Reserve. Historically, United States - Private Defined Benefit Pension Plan: Effect of participation in defined benefit plans on personal income, saving, and wealth: Effect on personal income reached a record high of 205.02700 in January of 2008 and a record low of 77.66000 in January of 1985. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Private Defined Benefit Pension Plan: Effect of participation in defined benefit plans on personal income, saving, and wealth: Effect on personal income - last updated from the United States Federal Reserve on March of 2025.

United States - Federal Government Defined Benefit Pension Plans: Effect of participation in defined benefit plans on personal income, saving, and wealth: Household actual contributions was 7.17000 Bil. of $ in January of 2023, according to the United States Federal Reserve. Historically, United States - Federal Government Defined Benefit Pension Plans: Effect of participation in defined benefit plans on personal income, saving, and wealth: Household actual contributions reached a record high of 7.17000 in January of 2023 and a record low of 0.02900 in January of 1929. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Federal Government Defined Benefit Pension Plans: Effect of participation in defined benefit plans on personal income, saving, and wealth: Household actual contributions - last updated from the United States Federal Reserve on March of 2025.

United States - Federal Government Defined Benefit Pension Plans: Effect of participation in defined benefit plans on personal income, saving, and wealth: Change in personal wealth was 243.91700 Bil. of $ in January of 2023, according to the United States Federal Reserve. Historically, United States - Federal Government Defined Benefit Pension Plans: Effect of participation in defined benefit plans on personal income, saving, and wealth: Change in personal wealth reached a record high of 243.91700 in January of 2023 and a record low of 0.34100 in January of 1929. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Federal Government Defined Benefit Pension Plans: Effect of participation in defined benefit plans on personal income, saving, and wealth: Change in personal wealth - last updated from the United States Federal Reserve on March of 2025.

Graph and download economic data for Consumer Loans: Credit Cards and Other Revolving Plans, All Commercial Banks (CCLACBW027SBOG) from 2000-06-28 to 2025-03-12 about revolving, credit cards, loans, consumer, banks, depository institutions, and USA.

Graph and download economic data for Net private saving: Households and institutions (W986RC1A027NBEA) from 1929 to 2024 about savings, Net, households, private, GDP, and USA.

Graph and download economic data for Personal Sector; Personal Saving Including Consumer Durables (FOF), Transactions (BOGZ1FA176007025Q) from Q4 1946 to Q4 2024 about savings, transactions, sector, durable goods, consumer, goods, and USA.

Graph and download economic data for Households; Checkable Deposits and Currency; Asset, Level (BOGZ1FL193020005Q) from Q4 1987 to Q4 2024 about checkable, deposits, currency, assets, households, and USA.

Graph and download economic data for Personal Sector; Total Time and Savings Deposits; Asset, Level (BOGZ1FL173030005A) from 1945 to 2024 about savings, sector, deposits, assets, and USA.

Graph and download economic data for Personal Sector; Personal Saving (FOF Concept; FOF Data) as a Percentage of Disposable Personal Income, Transactions (BOGZ1FA176007026Q) from Q4 1946 to Q4 2024 about disposable, savings, transactions, sector, personal income, percent, personal, income, and USA.

Graph and download economic data for Household Debt Service Payments as a Percent of Disposable Personal Income (TDSP) from Q1 1980 to Q4 2024 about disposable, payments, debt, personal income, percent, personal, households, services, income, and USA.

Graph and download economic data for Households; Other Deposits Including Time and Savings Deposits; Asset (IMA), Level (BOGZ1FL193030205Q) from Q4 1987 to Q4 2024 about IMA, savings, deposits, assets, households, and USA.