Statistics on America's personal saving rate including historic data, charts and how much the average American has in savings.
The US central bank is poised to lower interest rates for the first time in four years on Wednesday, a milestone moment for the world's largest economy. ; The much anticipated move will influence mortgages, credit card and saving rates for millions of people in the US - and even around the world. ; We won't know exactly how big a cut the Federal Reserve will make, or how much lower rates might fall, until the announcement.
The savings rate is under pressure, but consumer spending is expected to hold up even with inflation surging.
Graph and download economic data for Personal Saving Rate (PSAVERT) from Jan 1959 to Aug 2024 about savings, personal, rate, and USA.
September 2024, +4.6% ; August 2024, +4.8% ; July 2024, +4.9% ; June 2024, +5.2%
We develop the approach of Gokhale, Kotlikoff & Sabelhaus (1996), based on the lifecycle model of savings, to decompose the differences in the national saving rates between the UK, US and Italy. Ou...
This paper develops a time series model for aggregate consumption to predict the U.S. personal saving rate. It then uses the model to test whether there has been a structural break in consumption b...
The U.S. personal savings rate fell in 2022 after excess savings from pandemic stimulus bolstered deposits. The slowdown could introduce economic headwinds.
Join us on October 24th at 1pm for an online Your Money event... saving less. The personal savings rate — how much people save as a percentage of their disposable income — was 3.9% in...
Mortgage rates in the US dropped back below 7%, helping to ease some of the pressures weighing on homebuyers.