As of May 2022, most adults in the U.S. have spent at least some of their savings due to inflation. In a recent survey, the majority of respondents who were at least 77 years old did not spend any of their savings because of the rising prices. Meanwhile, the majority of respondents in all other age groups spent at least some of their savings.
Share of adults who have spent money from their savings because of inflation in the United States as of May 2022, by age
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Statistics on Personal savings in the United States
Overview
7
- Basic Statistic Monthly personal savings as a share of disposable income in the U.S. 2015-2022
- Premium Statistic Mean and median amount of personal savings in the U.S. 2022, by type
- Basic Statistic Personal savings in the U.S. 1960-2021
- Basic Statistic Savings and other checkable deposits in the U.S. 2020-2022
- Premium Statistic Amount of money saved in savings accounts in the U.S. 2020-2022
- Premium Statistic Savings and investments held by employees in the U.S. 2021
- Premium Statistic Gross savings as share of GDP in the U.S. 1970-2020
Household savings
6
- Basic Statistic Household savings in the U.S. 2000-2021
- Basic Statistic Time and savings deposits of households and nonprofit organizations U.S. 2000-2021
- Premium Statistic Share of families that saved in the U.S. 2001-2019, by ethnicity
- Premium Statistic Share of families that saved in the U.S. 2004-2019, by work status
- Premium Statistic Share of families with savings bonds in the U.S. 2007-2019, by age of family head
- Premium Statistic Financial instruments owned by children in the U.S. 2022
College savings
4
- Premium Statistic Share of households saving for college in the U.S. 2020, by age of head of household
- Basic Statistic Total Education tax savings for college students U.S. 2001-2022
- Basic Statistic Assets of section 529 savings plan in the U.S. 2009-2021
- Premium Statistic 529 college savings average account balance in the U.S. 2016-2021
Retirement savings
6
- Premium Statistic Adults with any retirement savings in the U.S. 2021, by age group
- Premium Statistic Opinion of Americans on state of their retirement savings 2021, by ethnicity
- Premium Statistic Drivers for starting to save for retirement in the U.S. 2020-2021
- Premium Statistic Household retirement savings in the U.S. 2020-2021, by amount
- Premium Statistic Value of assets invested in IRAs in the U.S. 2021, by type
- Premium Statistic Probability of outliving their savings in the U.S. 2020-2022
Saving practices
6
- Basic Statistic Reasons why families saved in the U.S. 2010-2019
- Premium Statistic Goals in New Year's financial resolution in the U.S. 2022
- Premium Statistic Factors that are holding back Americans from saving for a down payment 2021
- Premium Statistic Factors that prevent the Americans from saving for a down payment 2021, by age group
- Premium Statistic Emergency bill: savings, credit card, borrow vs personal loan U.S. 2022
- Premium Statistic Bank account and service complaints reported CFPB in the U.S. 2021
Impact of the economy on savings
5
- Premium Statistic Adults who spent money from their savings due to inflation in the U.S. 2022, by age
- Premium Statistic Main reasons why respondents could not save more in the U.S. 2022
- Premium Statistic Share of respondents who have delayed financial milestones in the U.S. 2022
- Premium Statistic Share of respondents who avoided expenditures in the U.S. 2022
- Premium Statistic Actions people have found most effective to save money worldwide 2022
Further related statistics
21
- Household savings in the U.S. 2000-2021
- Net household savings in Japan 2012-2021
- Annual household savings ratio forecast in the UK 1998-2024
- Total household savings in France 2000-2020
- Household savings as a share of disposable income in Norway 2008-2020
- Household savings rate as a share of disposable income in Sweden 2009-2020
- Forecasted quarterly household savings ratio in the U.K. 2015-2027
- Household savings ratio in the Benelux region 2017-2021
- Quarterly household savings in Canada Q1 2020-Q3 2022
- Household savings value during COVID-19 in the UK Q1 2020-Q1 2021
- Total value of household savings in the Netherlands 2007-2021, by type of deposit
- Households with savings Philippines Q4 2022, by income groups
- Savings as share of income in selected countries worldwide 2021
- Households savings as share of GDP worldwide 1982-2020
- Emergency bill: savings, credit card, borrow vs personal loan U.S. 2022
- Emergency savings in the U.S. 2022, by generation
- Free and individual savings of households in the Netherlands 2012-2021
- Share of income saved by households Philippines Q4 2022
- Amount of savings per single household in Japan 2013-2022
- Households with savings Philippines Q1 2019-Q4 2022
- Most popular saving institutions among households Philippines Q4 2022
Further Content: You might find this interesting as well
Forbes. (June 13, 2022). Share of adults who have spent money from their savings because of inflation in the United States as of May 2022, by age [Graph]. In Statista. Retrieved February 03, 2023, from https://www.statista.com/statistics/1350753/adults-who-spent-money-from-their-savings-due-to-inflation-us-by-age/
Forbes. "Share of adults who have spent money from their savings because of inflation in the United States as of May 2022, by age." Chart. June 13, 2022. Statista. Accessed February 03, 2023. https://www.statista.com/statistics/1350753/adults-who-spent-money-from-their-savings-due-to-inflation-us-by-age/
Forbes. (2022). Share of adults who have spent money from their savings because of inflation in the United States as of May 2022, by age. Statista. Statista Inc.. Accessed: February 03, 2023. https://www.statista.com/statistics/1350753/adults-who-spent-money-from-their-savings-due-to-inflation-us-by-age/
Forbes. "Share of Adults Who Have Spent Money from Their Savings Because of Inflation in The United States as of May 2022, by Age." Statista, Statista Inc., 13 Jun 2022, https://www.statista.com/statistics/1350753/adults-who-spent-money-from-their-savings-due-to-inflation-us-by-age/
Forbes, Share of adults who have spent money from their savings because of inflation in the United States as of May 2022, by age Statista, https://www.statista.com/statistics/1350753/adults-who-spent-money-from-their-savings-due-to-inflation-us-by-age/ (last visited February 03, 2023)
Share of adults who have spent money from their savings because of inflation in the United States as of May 2022, by age [Graph], Forbes, June 13, 2022. [Online]. Available: https://www.statista.com/statistics/1350753/adults-who-spent-money-from-their-savings-due-to-inflation-us-by-age/