Graph and download economic data for Personal Saving Rate (PSAVERT) from Jan 1959 to Aug 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 decreased to 4.60 percent in August from 4.80 percent in July of 2025. This dataset provides - United States Personal Savings Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

View monthly updates and historical trends for US Personal Saving Rate. from United States. Source: Bureau of Economic Analysis. Track economic data with …

In June 2025, the personal savings rate in the United States amounted to 4.5 percent. That was a slightly lower figure than a year earlier. The personal savings 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.

In June 2025, the value of savings deposits, and other checkable deposits amounted to approximately 10.85 trillion U.S. dollars. Among the different types of deposits included in this data, savings deposits are the most popular. Until April 2020, the value of savings deposits in the United States amounted to nearly 11 trillion U.S. dollars by itself. After that, the source combined that data with that for other types of deposits.

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.

For much of 2020, Americans have saved a greater share of their income than ever before. This increase in savings appears to be predominantly driven by precautionary motives. Therefore, consumers may be reluctant to draw down these savings in the future to support spending.

Graph and download economic data for Personal Saving for United States (Q1091AUSQ027NNBR) from Q1 1939 to Q4 1945 about savings, personal, and USA.

The gross savings of the United States represented over 18.14 percent of its GDP in 2024. Despite some fluctuations, the savings rate was on a downward trend until 2009. In 2015, the gross savings rate reached its highest value since 2000. The value of gross savings as a share of the GDP has fallen in 2024.

Graph and download economic data for Personal Saving (PMSAVE) from Jan 1959 to Aug 2025 about savings, personal, and USA.

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.

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 Savings of Individuals for United States (A10041USA027NNBR) from 1919 to 1938 about savings, personal, and USA.

United States US: Adjusted Savings: Net National Savings data was reported at 453.100 USD bn in 2016. This records a decrease from the previous number of 681.428 USD bn for 2015. United States US: Adjusted Savings: Net National Savings data is updated yearly, averaging 249.377 USD bn from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 681.428 USD bn in 2015 and a record low of -266.856 USD bn in 2009. United States US: Adjusted Savings: Net National Savings data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s USA – Table US.World Bank: Gross Domestic Product: Nominal. Net national savings are equal to gross national savings less the value of consumption of fixed capital.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; ;

Openbank and BrioDirect Bank offered some of the highest interest rates on savings accounts in the United States as of December 2024. Meanwhile, the savings accounts of most of the major banks, such as Goldman Sachs, American Express, or Barclays Bank, offered somewhat lower interest rates.

Graph and download economic data for Net saving as a percentage of gross national income (W207RC1Q156SBEA) from Q1 1947 to Q2 2025 about national income, GNI, savings, gross, percent, Net, income, GDP, and USA.

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.

Gross savings (current US$) in United States was reported at 5260351000000 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. United States - Gross savings - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.