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

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.

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 European Union increased to 14.02 percent in the fourth quarter of 2024 from 11.76 percent in the third quarter of 2024. This dataset provides - European Union Personal Savings - 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.

Household Saving Rate in Canada decreased to 5.70 percent in the first quarter of 2025 from 6 percent in the fourth quarter of 2024. This dataset provides - Canada Personal Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Graph and download economic data for Personal Saving (PSAVE) from Q1 1947 to Q1 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.

Key information about Japan Gross Savings Rate

• Japan Gross Savings Rate was measured at 28.8% in Mar 2022, compared with 28.8% in the previous quarter.
• Japan Gross Savings Rate is updated quarterly, with data available from Mar 1980 to Mar 2022, and an average rate of 28.8%.
• The data reached an all-time high of 28.8% in Mar 1992 and a record low of 22.9% in Mar 2014.
• CEIC calculates quarterly Gross National Savings Rate from quarterly Gross Savings and quarterly Gross National Income. Economic and Social Research Institute provides Gross Savings in local currency and Gross National Income in local currency, based on SNA 2008 with benchmark year 2015. Gross National Savings Rate prior to Q1 1994 is based on SNA 1993 with benchmark year 2000.
• In the latest reports, Japan GDP expanded 1.8% YoY in Mar 2023.
• Japan Nominal GDP reached 1,080,149.8 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 1.7% in Mar 2023.
• Japan GDP Per Capita reached 33,906.0 USD in Dec 2022.

Household Saving Rate in Australia increased to 5.20 percent in the first quarter of 2025 from 3.90 percent in the fourth quarter of 2024. This dataset provides - Australia Households Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Household Saving Rate in the United Kingdom decreased to 10.90 percent in the first quarter of 2025 from 12 percent in the fourth quarter of 2024. This dataset provides - United Kingdom Households Saving Ratio - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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

Key information about Brazil Gross Savings Rate

• Brazil Gross Savings Rate was measured at 11.9% in Dec 2024, compared with 11.9% in the previous quarter.
• Brazil Gross Savings Rate is updated quarterly, with data available from Mar 1991 to Dec 2024, and an average rate of 11.9%.
• The data reached an all-time high of 11.9% in Sep 1994 and a record low of 4.8% in Mar 1994.
• CEIC calculates Gross National Savings Rate from quarterly Gross Savings and quarterly Gross National Income. The Brazilian Institute of Geography and Statistics provides Gross Savings in local currency and Gross National Income in local currency, based on SNA 2008 and BPM6. Gross National Savings Rate prior to Q1 2000 is based on benchmark year 1985.
• In the latest reports, Brazil GDP expanded 3.4% YoY in Mar 2023.
• Brazil Nominal GDP reached 491,315.0 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 6.2% in Mar 2023.
• Brazil GDP Per Capita reached 8,936.2 USD in Dec 2022.

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

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.

In Spain, the gross savings of households amounted to over 12 percent of their income in 2023. These figures have fluctuated significantly over the last couple of years, reaching its highest value at the start of the COVID-19 pandemic in 2020 at 17.6 percent. The savings rate in Slovenia has generally been higher than in Spain.

The household saving ratio in Japan was estimated at *** percent in the fourth quarter of 2024. The ratio peaked in the second quarter of 2020, reaching **** percent amid the coronavirus pandemic. The saving ratio is the proportion of savings to disposable income.

German households saved over a tenth of their disposable income in the fourth quarter of 2024, which was a higher rate than in the previous months. The second quarter of 2020 was by far the period with the highest gross savings rate across the period considered here, at 20.3 percent. The household gross savings rate in Ireland also was relatively high throughout the period considered.

Key information about Sweden Gross Savings Rate

• Sweden Gross Savings Rate was measured at 30.2% in Dec 2024, compared with 30.2% in the previous quarter.
• Sweden Gross Savings Rate is updated quarterly, with data available from Mar 1980 to Dec 2024, and an average rate of 30.2%.
• The data reached an all-time high of 30.2% in Dec 2021 and a record low of 19.8% in Sep 1982.
• CEIC calculates Gross Domestic Savings Rate from quarterly Gross Domestic Savings and quarterly Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Final Consumption Expenditure. Statistics Sweden provides Final Consumption Expenditure in local currency and Nominal GDP in local currency.
• In the latest reports, Sweden GDP expanded 0.8% YoY in Mar 2023.
• Sweden Nominal GDP reached 145,310.7 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 7.9% in Mar 2023.
• Sweden GDP Per Capita reached 61,413.2 USD in Dec 2021.