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.

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.

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.

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.

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.

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.

Key information about Iceland Gross Savings Rate

• Iceland Gross Savings Rate was measured at 23.5% in Dec 2024, compared with 23.5% in the previous quarter.
• Iceland Gross Savings Rate is updated quarterly, with data available from Mar 1995 to Dec 2024, and an average rate of 23.5%.
• The data reached an all-time high of 23.5% in Sep 2016 and a record low of 14.8% in Jun 2005.
• CEIC calculates Gross Domestic Savings Rate from quarterly Gross Domestic Savings and quarterly Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Private and Government Consumption Expenditure. Statistics Iceland provides Private Consumption Expenditure, Government Consumption Expenditure and Nominal GDP in local currency.
• In the latest reports, Iceland GDP expanded 6.1% YoY in Mar 2023.
• Iceland Nominal GDP reached 7,161.1 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 6.1% in Mar 2023.
• Iceland GDP Per Capita reached 72,684.2 USD in Dec 2022.

Key information about Georgia Gross Savings Rate

• Georgia Gross Savings Rate was measured at 26.3% in Sep 2024, compared with 26.3% in the previous quarter.
• Georgia Gross Savings Rate is updated quarterly, with data available from Mar 1996 to Sep 2024, and an average rate of 26.3%.
• The data reached an all-time high of 26.3% in Sep 2018 and a record low of -27.0% in Mar 1996.
• CEIC calculates Gross National Savings Rate from quarterly Gross National Savings and quarterly Gross National Income. Gross National Savings is calculated as the sum of Net Savings and Fixed Capital Consumption. The National Statistics Office of Georgia provides Gross National Savings in local currency and Gross National Income in local currency. Gross Domestic Savings Rate prior to Q1 2010 is based on SNA 1993.
• In the latest reports, Georgia GDP expanded 7.7% YoY in Mar 2023.
• Georgia Nominal GDP reached 9,159.2 USD mn in Sep 2024. Its GDP deflator (implicit price deflator) increased 6.8% in Mar 2023.
• Georgia GDP Per Capita reached 6,671.9 USD in Dec 2022.

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.

In 2022, the savings of households in Switzerland represented over ** percent of their disposable income. In contrast, households in South Africa and Italy amounted to *** and **** percent of their disposable income, respectively. Poland and Portugal had negative figures, which means that the final consumption of the households of that country was higher than their net disposable income.

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.

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.

Household Saving Rate in Norway remained unchanged at 7.40 percent in the first quarter of 2025 from 7.40 percent in the fourth quarter of 2024. This dataset provides - Norway Personal Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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

In 2025, the average savings of households and non-profit institutions serving households in the Euro area was expected to remain under ***** percent of their disposable income. During the past decade, the savings rate was usually under ***** percent, except for 2020 and 2021, as savings soared after the outbreak of COVID-19.

Graph and download economic data for Gross Saving (GSAVE) from Q1 1947 to Q1 2025 about savings, gross, GDP, and USA.