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 Rate (PSAVERT) from Jan 1959 to May 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 decreased to 4.50 percent in May from 4.90 percent in April of 2025. 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 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.

The monthly personal saving rate in the United States fluctuated considerably during the COVID-19 pandemic. During the year 2020, households' saving rate in the United States peaked in April at **** percent. As of October 2022, personal savings in the United States amounted to *** percent of Americans' disposable income, back to pre-pandemic levels.

Please refer to: https://data.imf.org/en/news/accessing%20international%20financial%20statistics

France GDP: swda: Financial Saving Rate data was reported at 4.476 % in Dec 2017. This records an increase from the previous number of 4.381 % for Sep 2017. France GDP: swda: Financial Saving Rate data is updated quarterly, averaging 5.683 % from Mar 1949 (Median) to Dec 2017, with 276 observations. The data reached an all-time high of 11.454 % in Jun 1949 and a record low of 0.529 % in Jun 1989. France GDP: swda: Financial Saving Rate data remains active status in CEIC and is reported by French National Institute for Statistics and Economic Studies. The data is categorized under Global Database’s France – Table FR.A041: ESA 2010: GDP: Purchasing Power & Households Account Ratios: Base 2010: Seasonally and Working Day Adjusted. Changed base year from 2010 to 2014 Replacement series ID: 403923647

The net saving of households and non-profit institutions serving households (NPISHs) in Germany increased by 0.2 percent of household and NPISH net disposable income (+1.8 percent) in 2023 in comparison to the previous year. In total, the net saving amounted to 11.38 percent of household and NPISH net disposable income in 2023. This increase was preceded by a declining net saving in this industry.Find more statistics on other topics about Germany with key insights such as mutual funds as a percentage of total household financial assets, household shares and other equity, except mutual funds shares and as a percentage of total household financial assets.

Key information about India Gross Savings Rate

• India Gross Savings Rate was measured at 30.7% in Mar 2024, compared with 30.7% in the previous year.
• India Gross Savings Rate is updated yearly, with data available from Mar 1951 to Mar 2024, and an average rate of 30.7%.
• The data reached an all-time high of 30.7% in Mar 2008 and a record low of 7.9% in Mar 1954.
• CEIC calculates Gross Domestic Savings Rate from annual Gross Domestic Savings and annual Nominal GDP. Ministry of Statistics and Programme Implementation provides Gross Domestic Savings in local currency and Nominal GDP in local currency based on SNA 2008, at 2011-2012 prices. Gross Domestic Savings Rate is annual frequency, ending in March of each year.
• In the latest reports, India GDP expanded 6.1% YoY in Mar 2023.
• India Nominal GDP reached 873,666.0 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 4.1% in Mar 2023.
• India GDP Per Capita reached 2,452.2 USD in Mar 2023.

Each bank publishes information on current accounts, savings deposits, fixed deposits, fixed-term savings deposits, and various interest rates such as mortgage index rates and benchmark rates. (Data for that day)

Indonesia Households Sector: Total Account: Saving data was reported at 600.000 Unit mn in Feb 2025. This records an increase from the previous number of 595.208 Unit mn for Jan 2025. Indonesia Households Sector: Total Account: Saving data is updated monthly, averaging 300.000 Unit mn from Dec 2013 (Median) to Feb 2025, with 135 observations. The data reached an all-time high of 600.000 Unit mn in Feb 2025 and a record low of 145.000 Unit mn in May 2014. Indonesia Households Sector: Total Account: Saving data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Indonesia Premium Database’s Monetary – Table ID.KAI023: Financial System Statistics: Household Support Sector.

Despite some exceptions, the household savings rate during the COVID-19 pandemic was quite high in most of the countries considered. As of 2020, the saving rate of households in Switzerland was the highest among the selected countries (**** percent). Ireland followed in the list, with a saving rate of **** percent.

Key information about Brunei Gross Savings Rate

• Brunei Gross Savings Rate was measured at 60.0% in Sep 2022, compared with 60.0% in the previous quarter.
• Brunei Gross Savings Rate is updated quarterly, with data available from Mar 2004 to Sep 2022, and an average rate of 60.0%.
• The data reached an all-time high of 60.0% in Mar 2012 and a record low of 45.2% in Mar 2021.
• CEIC calculates Gross Domestic Savings Rate from quarterly Gross Domestic Savings and quarterly Nominal GDP. Gross Domestic Savings are calculated as Nominal GDP less Final Consumption Expenditure. Final Consumption Expenditure is calculated as the sum of Household and Government Final Consumption Expenditure. The Department of Economic Planning and Statistics, Ministry of Finance and Economy provides Final Consumption Expenditure in local currency and Nominal GDP in local currency. Gross Domestic Savings Rate prior to Q1 2013 is based on SNA 1993.
• In the latest reports, Brunei GDP expanded 0.9% YoY in Sep 2022.
• Brunei Nominal GDP reached 4,130.1 USD mn in Sep 2022. Its GDP deflator (implicit price deflator) increased 22.0% in Sep 2022.
• Brunei GDP Per Capita reached 31,781.3 USD in Dec 2021.

The saving rate of Canadian households increased considerably during the start of the COVID-19 pandemic in 2020. As of the second quarter of 2020, the saving rate of households in Canada peaked at **** percent. By the fourth quarter of 2024, Canadian households saved on average *** percent of their disposable income.

Graph and download economic data for Finance Companies; Total Time and Savings Deposits; Asset, Transactions (BOGZ1FA613030003A) from 1946 to 2024 about finance companies, savings, companies, finance, transactions, deposits, financial, assets, and USA.

The global market for money-saving apps is experiencing robust growth, driven by increasing consumer awareness of personal finance management and the rising adoption of mobile banking. The market, estimated at $5 billion in 2025, is projected to witness a Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033, reaching approximately $15 billion by 2033. This expansion is fueled by several key factors. Firstly, the increasing prevalence of smartphones and readily available internet access has made these apps easily accessible to a wider demographic. Secondly, innovative features like automated savings, budgeting tools, cashback rewards, and investment options within these apps are attracting a diverse user base. Furthermore, the integration of AI-powered financial advice and personalized recommendations enhances user engagement and effectiveness. The competitive landscape, encompassing established players like Acorns and Chime alongside emerging fintech startups, fosters innovation and drives market penetration. However, challenges remain, including concerns around data security and privacy, the need for greater financial literacy among users, and regulatory hurdles in specific markets. Segment-wise, the market is seeing strong growth in features like cashback and rewards programs. Apps offering investment options are also attracting significant interest, reflecting a desire among users to manage their savings and investments from a single platform. Geographically, North America and Europe currently hold the largest market share due to higher adoption rates and advanced financial infrastructure. However, Asia-Pacific is expected to experience the fastest growth over the forecast period, driven by increasing smartphone penetration and a burgeoning middle class. The continued development of user-friendly interfaces, personalized financial advice, and integration with other financial services are key factors that will shape the future of this dynamic market.

Brazil Share to GDP: Household: Financial Gross Saving Rate (Capacity or Requirement to Finance / Gross Income) data was reported at 3.870 % in 2016. This records an increase from the previous number of 2.964 % for 2015. Brazil Share to GDP: Household: Financial Gross Saving Rate (Capacity or Requirement to Finance / Gross Income) data is updated yearly, averaging 2.676 % from Dec 2000 (Median) to 2016, with 17 observations. The data reached an all-time high of 3.959 % in 2002 and a record low of 0.029 % in 2000. Brazil Share to GDP: Household: Financial Gross Saving Rate (Capacity or Requirement to Finance / Gross Income) data remains active status in CEIC and is reported by Brazilian Institute of Geography and Statistics. The data is categorized under Brazil Premium Database’s National Accounts – Table BR.AB028: SNA 2008: Share to Gross Domestic Product: by Expenditure: Current Price.

According to the OECD, household gross savings rate compares the savings activities and consumption activities of households. It is an indicator of the financial security in bad times, for example, job loss. The household gross savings rate measures how much households are saving from their current income, but also what is added to the net wealth of a household to fund their future.It is likely that household saving rates increase during periods of economic uncertainty, as purchases are deferred from many non-essential goods and services. Household savings are often the main domestic source of funds to finance investments in the decrease in liabilities or financial assets. In Poland, the household gross savings rate fluctuated in the observed period. As of the first quarter of 2024, the household gross savings rate amounted to 4.92 percent.

Graph and download economic data for Finance Companies; Total Time and Savings Deposits; Asset, Transactions (BOGZ1FA613030003Q) from Q4 1946 to Q1 2025 about finance companies, savings, companies, finance, transactions, deposits, financial, assets, and USA.