Personal Savings Rate

Source: FRED (PSAVERT) | Frequency: monthly | Last updated: April 7, 2026

What This Means for You

A personal savings rate of 4.5% means that for every $100 of after-tax income, Americans are saving about $5 on average. During the 2020 pandemic, this rate briefly exceeded 30% as spending options were limited. A lower rate may indicate consumers are spending a larger share of income, which can signal confidence or financial strain depending on the broader context. (Source: Bureau of Economic Analysis via FRED)

10-Year History

Historical Context

Over the past 10 years, the Personal Savings Rate has ranged from a low of 2.20% in June 2022 to a high of 31.80% in April 2020, with an average of approximately 7.05%. The current value of 4.50% is near the low end of its 10-year range. (Source: FRED via FRED)

Related Consumer Indicators

The Personal Savings Rate is part of the consumer category. Related indicators include: Consumer Sentiment Index (currently 56.6), Retail Sales (currently $738,366M), Revolving Consumer Credit (currently $1,327,596.4B), Total Consumer Credit (currently $5,116,788.2B). Consumer sentiment measures how people feel about the economy and their finances, while retail sales and consumer credit show how they are actually behaving. The personal savings rate bridges the gap, showing what share of income is being set aside versus spent. Revolving credit (largely credit cards) can signal whether consumers are supplementing income with debt. When sentiment diverges from actual spending, it often signals a turning point in consumer behavior. (Source: University of Michigan, Federal Reserve, BEA via FRED)

What to Watch

Economists and analysts monitor the Personal Savings Rate for trend changes that may signal shifts in economic conditions. This data is released monthly and is subject to revision. Changes in this indicator can ripple through related areas of the economy. Historical patterns do not guarantee future outcomes. (Source: FRED)

Limitations of This Data

This data is released monthly and reflects conditions as of the most recent reporting period. Economic data is frequently revised as more complete information becomes available; initial releases may differ significantly from final figures. This indicator measures one dimension of the economy and should be considered alongside other data for a more complete picture. (Source: FRED)

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