US personal saving rate, 1959 to 2026

US personal saving rate, monthly, from the Bureau of Economic Analysis via FRED. · updated Jul 2026

About this statistic

US personal saving rate stood at 3.0% in 2026, up 0bp on the previous period.

The latest reading is 3 percent, for May 2026, against 3 percent in April 2026. The series is monthly (FRED series PSAVERT) and runs from January 1959.

How it is measured

Personal saving as a share of disposable income: what households have left after spending and taxes, divided by after-tax income, from the BEA's national accounts. It is computed as a residual, income minus outlays, rather than surveyed directly. The data reaches us through FRED, the Federal Reserve Bank of St. Louis's data service, and originates with the Bureau of Economic Analysis.

What the curve shows

The rate has run between 1.4 percent (July 2005) and 31.8 percent (April 2020) over the window. The 2020 spike is the most extreme reading in the modern record: stimulus arrived while spending was locked down, and the excess saving that accumulated shaped the inflation that followed.

Frequently asked questions

Why is the rate so volatile?

It is a small residual between two huge numbers, income and spending, so modest swings in either move it sharply. Stimulus checks, tax timing, and shutdowns all land directly in it.

Is a higher saving rate good?

For a household, usually. For the whole economy it cuts current demand, which is why sudden surges in saving accompany recessions. The healthy range is a balance, not a maximum.

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