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Graph and download economic data for Personal Saving Rate (PSAVERT) from Jan 1959 to May 2025 about savings, personal, rate, and USA.
This statistic shows the household saving rate of the United States from 2010 until 2017. In 2015, The household saving rate in the United States was **** percent.
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.
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.
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Key information about US Gross Savings Rate
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United States PI: saar: Personal Savings as % of Disposable Personal Income data was reported at 3.300 % in Mar 2018. This records an increase from the previous number of 2.700 % for Dec 2017. United States PI: saar: Personal Savings as % of Disposable Personal Income data is updated quarterly, averaging 9.100 % from Mar 1947 (Median) to Mar 2018, with 285 observations. The data reached an all-time high of 15.000 % in Jun 1975 and a record low of 2.200 % in Sep 2005. United States PI: saar: Personal Savings as % of Disposable Personal Income data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.A218: NIPA 2013: Personal Income and Disposition: saar: Quarterly.
This statistic presents the amount of money saved in saving accounts in the United States as of August 2017, by generation. It was found that ** percent of young Millennials (18-24) in the United States had less than 1,000 U.S. dollars saved in their savings accounts.
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United States SCE: Interest Rate Expectation: Probability of Higher Average Interest Rate on Savings Accounts 1 Year from Now data was reported at 26.500 % in Apr 2025. This records an increase from the previous number of 26.133 % for Mar 2025. United States SCE: Interest Rate Expectation: Probability of Higher Average Interest Rate on Savings Accounts 1 Year from Now data is updated monthly, averaging 29.753 % from Jun 2013 (Median) to Apr 2025, with 143 observations. The data reached an all-time high of 41.800 % in Mar 2017 and a record low of 24.225 % in Mar 2024. United States SCE: Interest Rate Expectation: Probability of Higher Average Interest Rate on Savings Accounts 1 Year from Now data remains active status in CEIC and is reported by Federal Reserve Bank of New York. The data is categorized under Global Database’s United States – Table US.H085: Survey of Consumer Expectations: Financial.
This statistic presents the reasons for saving money in the United States in 2017, by age. During the survey period, it was found that 47 percent of respondents aged 60 years and older were saving for retirement.
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United States US: Lending Rate data was reported at 3.897 % pa in 2017. This records an increase from the previous number of 3.512 % pa for 2016. United States US: Lending Rate data is updated yearly, averaging 6.095 % pa from Dec 1950 (Median) to 2017, with 68 observations. The data reached an all-time high of 18.870 % pa in 1981 and a record low of 2.069 % pa in 1950. United States US: Lending Rate data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United States – Table US.IMF.IFS: Lending, Saving and Deposit Rates: Annual.
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Graph and download economic data for State and local governments; net saving including net capital transfers paid (IMA), Flow (DISCONTINUED) (SLGSTPQ027S) from Q4 1946 to Q3 2017 about capital transfers, state & local, IMA, savings, capital, Net, government, and USA.
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Key information about United States Private Consumption: % of GDP
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Key information about United States Nominal GDP
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Graph and download economic data for Federal government; net saving including net capital transfers paid, insurance and pension fund reserves adjustment and contributions for government social insurance for U.S. affiliated areas (IMA), Flow (DISCONTINUED) (FGSTPIQ027S) from Q4 1946 to Q3 2017 about capital transfers, pension, contributions, IMA, savings, adjusted, insurance, reserves, capital, federal, Net, government, and USA.
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United States Net Saving as % of Gross National Income: saar data was reported at 1.800 % in Mar 2018. This records an increase from the previous number of 1.400 % for Dec 2017. United States Net Saving as % of Gross National Income: saar data is updated quarterly, averaging 6.700 % from Mar 1947 (Median) to Mar 2018, with 285 observations. The data reached an all-time high of 13.300 % in Dec 1950 and a record low of -2.500 % in Sep 2009. United States Net Saving as % of Gross National Income: saar data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A065: NIPA 2013: Gross Saving and Investment: Seasonally Adjusted at Annual Rates.
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Key information about United States Investment: % of GDP
This statistic shows the percentage of healthcare organizations that have noticed cost savings or a return on investment from telemedicine services, according to a survey conducted among U.S. healthcare executives and providers during Q4 2017. According to the survey, 29 percent of organizations reported more than 20 percent savings.
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United States GS: saar: Gross Government Saving (GGS) data was reported at -497.183 USD bn in Mar 2018. This records a decrease from the previous number of -358.643 USD bn for Dec 2017. United States GS: saar: Gross Government Saving (GGS) data is updated quarterly, averaging 8.048 USD bn from Mar 1947 (Median) to Mar 2018, with 285 observations. The data reached an all-time high of 471.149 USD bn in Mar 2000 and a record low of -1,183.988 USD bn in Sep 2009. United States GS: saar: Gross Government Saving (GGS) data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A065: NIPA 2013: Gross Saving and Investment: Seasonally Adjusted at Annual Rates.
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United States GS: saar: NS: PS: HI: Personal Saving data was reported at 480.611 USD bn in Mar 2018. This records an increase from the previous number of 385.676 USD bn for Dec 2017. United States GS: saar: NS: PS: HI: Personal Saving data is updated quarterly, averaging 235.921 USD bn from Mar 1947 (Median) to Mar 2018, with 285 observations. The data reached an all-time high of 1,174.553 USD bn in Dec 2012 and a record low of 8.509 USD bn in Jun 1947. United States GS: saar: NS: PS: HI: Personal Saving data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A065: NIPA 2013: Gross Saving and Investment: Seasonally Adjusted at Annual Rates.
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GS: saar: NC: GV: Federal data was reported at 50.801 USD bn in Mar 2018. This records an increase from the previous number of -950.077 USD bn for Dec 2017. GS: saar: NC: GV: Federal data is updated quarterly, averaging 7.908 USD bn from Mar 1960 (Median) to Mar 2018, with 233 observations. The data reached an all-time high of 274.774 USD bn in Dec 2008 and a record low of -950.077 USD bn in Dec 2017. GS: saar: NC: GV: Federal data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A111: NIPA 2013: Gross Saving and Investment: saar.
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Graph and download economic data for Personal Saving Rate (PSAVERT) from Jan 1959 to May 2025 about savings, personal, rate, and USA.