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

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.

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.

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 Personal Saving (PSAVE) from Q1 1947 to Q2 2025 about savings, personal, GDP, 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.

Graph and download economic data for Households; Net Worth, Level (BOGZ1FL192090005Q) from Q4 1987 to Q1 2025 about net worth, Net, households, and USA.

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

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.

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.

In 2020, households in the United States were able to save on average ***** U.S. dollars on major purchases due to the coronavirus (COVID-19) pandemic. This was by far the category where American households saved the most during the pandemic. Vacations and trips followed, with average savings amounting to ***** U.S. dollars.

Graph and download economic data for Households; Checkable Deposits and Currency; Asset, Level (BOGZ1FL193020005Q) from Q4 1987 to Q1 2025 about checkable, deposits, currency, assets, households, and USA.

Graph and download economic data for Household Debt Service Payments as a Percent of Disposable Personal Income (TDSP) from Q1 1980 to Q1 2025 about disposable, payments, debt, personal income, percent, personal, households, services, income, and USA.

The Survey of Consumer Finances (SCF) is normally a triennial cross-sectional survey of U.S. families. The survey data include information on families' balance sheets, pensions, income, and demographic characteristics.

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.

Key information about China Gross Savings Rate

• China Gross Savings Rate was measured at 44.3% in Dec 2023, compared with 44.3% in the previous year.
• China Gross Savings Rate is updated yearly, with data available from Dec 1952 to Dec 2023, and an average rate of 44.3%.
• The data reached an all-time high of 44.3% in Dec 2010 and a record low of 16.5% in Dec 1962.
• CEIC calculates Gross Domestic Savings Rate from annual Gross Domestic Savings and annual Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Final Consumption Expenditure. The National Bureau of Statistics provides Final Consumption Expenditure in local currency and Nominal GDP in local currency.
• In the latest reports, China GDP expanded 4.5% YoY in Mar 2023.
• China Nominal GDP reached 4,166,759.1 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 0.4% in Mar 2023.
• China GDP Per Capita reached 12,621.7 USD in Dec 2023.

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 statistic shows the average total college savings made by families in the United States in 2018, by vehicle. The average amounts saved by U.S. families for college by means of an investment account in 2018 amounted to *** U.S. dollars, totaling around ***** U.S. dollars on average.

United States HHNO: saar: FIN: NAFA: CD: Time & Savings Deposits data was reported at 492.279 USD bn in Mar 2018. This records an increase from the previous number of 9.953 USD bn for Dec 2017. United States HHNO: saar: FIN: NAFA: CD: Time & Savings Deposits data is updated quarterly, averaging 77.184 USD bn from Dec 1951 (Median) to Mar 2018, with 266 observations. The data reached an all-time high of 1,398.850 USD bn in Sep 2016 and a record low of -239.302 USD bn in Mar 1993. United States HHNO: saar: FIN: NAFA: CD: Time & Savings Deposits data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s USA – Table US.AB075: Integrated Macroeconomic Accounts: Households and Nonprofit Institution Serving Households.

IMPORTANT! PLEASE READ DISCLAIMER BEFORE USING DATA. To reduce the energy burden on income-qualified households within New York State, NYSERDA offers the EmPower New York (EmPower) program, a retrofit program that provides cost-effective electric reduction measures (i.e., primarily lighting and refrigerator replacements), and cost-effective home performance measures (i.e., insulation air sealing, heating system repair and replacments, and health and safety measures) to income qualified homeowners and renters. Home assessments and implementation services are provided by Building Performance Institute (BPI) Goldstar contractors to reduce energy use for low income households. This data set includes energy efficiency projects completed since January 2018 for households with income up to 60% area (county) median income. D I S C L A I M E R: Estimated Annual kWh Savings, Estimated Annual MMBtu Savings, and First Year Energy Savings $ Estimate represent contractor reported savings derived from energy modeling software calculations and not actual realized energy savings. The accuracy of the Estimated Annual kWh Savings and Estimated Annual MMBtu Savings for projects has been evaluated by an independent third party. The results of the impact analysis indicate that, on average, actual savings amount to 54 percent of the Estimated Annual kWh Savings and 70 percent of the Estimated Annual MMBtu Savings. The analysis did not evaluate every single project, but rather a sample of projects from 2007 and 2008, so the results are applicable to the population on average but not necessarily to any individual project which could have over or under achieved in comparison to the evaluated savings. The results from the impact analysis will be updated when more recent information is available. Some reasons individual households may realize savings different from those projected include, but are not limited to, changes in the number or needs of household members, changes in occupancy schedules, changes in energy usage behaviors, changes to appliances and electronics installed in the home, and beginning or ending a home business. For more information, please refer to the Evaluation Report published on NYSERDA’s website at: https://www.nyserda.ny.gov/-/media/Files/Publications/PPSER/Program-Evaluation/2012ContractorReports/2012-EmPower-New-York-Impact-Report.pdf. This dataset includes the following data points for projects completed after January 1, 2018: Reporting Period, Project ID, Project County, Project City, Project ZIP, Gas Utility, Electric Utility, Project Completion Date, Total Project Cost (USD), Pre-Retrofit Home Heating Fuel Type, Year Home Built, Size of Home, Number of Units, Job Type, Type of Dwelling, Measure Type, Estimated Annual kWh Savings, Estimated Annual MMBtu Savings, First Year Modeled Energy Savings $ Estimate (USD). How does your organization use this dataset? What other NYSERDA or energy-related datasets would you like to see on Open NY? Let us know by emailing OpenNY@nyserda.ny.gov.