Personal saving rate in the United States from 1960 to 2017

Personal saving rate in the U.S. 1960-2017 The statistic presents the personal saving rate in the United States from 1960 to 2017, as of December each year. The personal savings rate amounted to 2.4 percent in 2017 in the United States.
Saving – additional information

The saving rate is defined as the ratio of money saved by individuals or families to their disposable income (income after taxes). The value of money put aside depends on a number of factors such as employment conditions, inflation, interest rates and the general state of the economy.

In 2007, the personal saving rate in the United States amounted to three percent and increased to 6.4 percent in 2008, following the outbreak of the global financial crisis. The value of personal savings in the United States increased from 295.4 billion U.S. dollars in 2007, before the crisis, to 657.8 billion U.S. dollars in 2008. In 2017, it amounted to 384.4 billion U.S. dollars.

There are various reasons behind saving. In the short term, money is usually put aside for current expenses or purchases. In the long term, the main reason behind saving might be buying a house, saving for college or saving for retirement. In 2013, 53 percent of U.S. families stated that they were saving money.

Some households decide to invest saved money in various financial instruments such as mutual funds, savings bonds or equities. In 2013, 81 percent of American households invested in mutual funds through inside employer-sponsored retirement plans.
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Personal savings rate
196010.4%
197012.9%
198011.2%
19908.2%
20003.5%
20013.8%
20024.5%
20034.8%
20046.3%
20052.8%
20063%
20073%
20086.4%
20095.7%
20105.9%
20116.4%
201211%
20134.7%
20145.7%
20156.1%
20165.4%
20172.4%
Personal savings rate
196010.4%
197012.9%
198011.2%
19908.2%
20003.5%
20013.8%
20024.5%
20034.8%
20046.3%
20052.8%
20063%
20073%
20086.4%
20095.7%
20105.9%
20116.4%
201211%
20134.7%
20145.7%
20156.1%
20165.4%
20172.4%
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Description Source More information
The statistic presents the personal saving rate in the United States from 1960 to 2017, as of December each year. The personal savings rate amounted to 2.4 percent in 2017 in the United States.
Saving – additional information

The saving rate is defined as the ratio of money saved by individuals or families to their disposable income (income after taxes). The value of money put aside depends on a number of factors such as employment conditions, inflation, interest rates and the general state of the economy.

In 2007, the personal saving rate in the United States amounted to three percent and increased to 6.4 percent in 2008, following the outbreak of the global financial crisis. The value of personal savings in the United States increased from 295.4 billion U.S. dollars in 2007, before the crisis, to 657.8 billion U.S. dollars in 2008. In 2017, it amounted to 384.4 billion U.S. dollars.

There are various reasons behind saving. In the short term, money is usually put aside for current expenses or purchases. In the long term, the main reason behind saving might be buying a house, saving for college or saving for retirement. In 2013, 53 percent of U.S. families stated that they were saving money.

Some households decide to invest saved money in various financial instruments such as mutual funds, savings bonds or equities. In 2013, 81 percent of American households invested in mutual funds through inside employer-sponsored retirement plans.
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Release date
January 2018
Region
United States
Survey time period
1960 to 2017
Special properties
figures as of December each year.
Supplementary notes
Personal saving rate is calculated as the ratio of personal saving to disposable personal income.

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Personal savings in the United States
Personal savings in the United States

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Statistics on "Personal savings in the United States"

  • Overview
  • Savings practices
  • Reasons for saving
  • Family savings
  • Savings deposits
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