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

Graph and download economic data for Savings Deposits: Total (DISCONTINUED) from Jan 1959 to Apr 2020 about savings, deposits, and USA.

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.

The gross personal savings in the U.S. amounted to over 6.15 trillion U.S. dollars in 2024. These figures have increased steadily since 2015, reaching a peak in 2020, when the volume of savings increased a lot due to the start of the COVID-19 pandemic. After that, savings have decreased, particularly in 2022, but have since rebounded in 2023 and continued to rise in 2024.

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.

The gross national savings of Costa Rica were about 14.32 percent in 2024. From 1980 to 2024, the savings rose by approximately 1.54 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the savings will rise by around 0.44 percentage points, showing an overall upward trend with periodic ups and downs.

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 2024, the majority of Poles saved money for their children in savings accounts. Almost one in four chose deposits, while *** percent chose insurance policies as a savings method.

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.

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.

China Saving Deposit: Total data was reported at 64,376,761.835 RMB mn in 2017. This records an increase from the previous number of 59,775,105.162 RMB mn for 2016. China Saving Deposit: Total data is updated yearly, averaging 162,260.000 RMB mn from Dec 1953 (Median) to 2017, with 65 observations. The data reached an all-time high of 64,376,761.835 RMB mn in 2017 and a record low of 1,230.000 RMB mn in 1953. China Saving Deposit: Total data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under Global Database’s China – Table CN.KB: Saving Deposit.

Global Total Household Savings Gross Rate by Country, 2023 Discover more data with ReportLinker!

This dataset mainly includes total disposable income, total consumption expenditure, total savings, average disposable income per household, average household consumption expenditure, average household savings, and average household disposable income according to quintile groups of disposable income per household, average household consumption expenditure, average household savings, and other data (from 1976).

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 Households and Nonprofit Organizations; Total Time and Savings Deposits; Asset, Level (TSDABSHNO) from Q4 1945 to Q1 2025 about balance sheet, nonprofit organizations, savings, deposits, assets, households, and USA.

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.

According to the source, household savings as share of total disposable income in Spain in 2022 stood at *** percent. However, savings in relation to disposable income are expected to decrease throughout the following years.

The value of gross savings in the United Kingdom (UK) fluctuated significantly since 2000, reaching over *** billion U.S. dollars in 2022. These figures refer to the total savings in the UK, and therefore it does not just refer to households. In 2020, due to the coronavirus outbreak and the measures put in place by government to fight the pandemic, households savings rate in the UK soared.