Personal Saving Rate
The personal saving rate is the share of after-tax (disposable) income that households save rather than spend, from the BEA's monthly personal income and outlays report. It is the cushion that lets consumers keep spending through income shocks — and a tell on whether spending is being funded by income or drawn down from savings.
Saving rate
Next release: Sep 30, 2026
Latest reading
As of July 2026, Saving Rate (Saving rate) stands at 3.0% — up from 2.6% the prior reading, 28.8 pp below the April 2020 record of 31.8%. The long-run range is roughly 5–9%. It spikes in recessions (precautionary saving) and exploded above 30% during 2020–21 stimulus, then drained as that excess was spent. A steadily falling rate funds spending in the short run but signals stretched households; multi-decade lows (2005, 2007, 2022) have preceded consumer pullbacks. Read it against wage growth and credit-card delinquencies. Series history runs from 1959 to present.
Sources, methodology & freshnessLast updated 2026-09-18 · Open ↓Close ↑
Full history
Methodology & data
Saving Rate is sourced from BEA via the Federal Reserve's FRED service (BEA via FRED (PSAVERT), monthly, seasonally adjusted). We pull the complete history, chart it on a monthly basis, overlay SPY for context, and generate a dated plain-English reading from the latest release — with no smoothing or adjustment beyond what the chart legend states.
Every reading is stamped with its release date, last updated 2026-09-18. Maintained and reviewed by Yuriy Matso; see our methodology for the standards every series on the site is held to.
Frequently asked questions
What is the Personal Saving Rate?
The personal saving rate is the share of after-tax (disposable) income that households save rather than spend, from the BEA's monthly personal income and outlays report. It is the cushion that lets consumers keep spending through income shocks — and a tell on whether spending is being funded by income or drawn down from savings.
How do you read Saving Rate?
The long-run range is roughly 5–9%. It spikes in recessions (precautionary saving) and exploded above 30% during 2020–21 stimulus, then drained as that excess was spent. A steadily falling rate funds spending in the short run but signals stretched households; multi-decade lows (2005, 2007, 2022) have preceded consumer pullbacks. Read it against wage growth and credit-card delinquencies.
Where does the Saving Rate data come from?
BEA via FRED (PSAVERT), monthly, seasonally adjusted. We chart the full history and publish a dated, plain-English reading with every release; the raw series is downloadable as CSV at /data/indicators/personal-saving-rate.csv.
How often is Saving Rate updated?
Saving Rate is a monthly series from BEA, refreshed here as soon as a new release posts to FRED.
Saving rate
Next release: Sep 30, 2026