Personal savings - additional information
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. The example of a relatively safe investment would be saving bonds, debt securities issued by the U.S. Department of the Treasury.
The personal saving rate in the United States amounted to 5.4 percent in 2016, as opposed to 12.9 percent in 1970. The personal savings in the United States amounted to just over 800 billion U.S. dollars in the fourth quarter of 2016.