The U.S. personal savings rate fell sharply between 1980 and 2007 and remains low, at 4.6% of disposable income
February 01, 2013
SOURCE: Data from Bureau of Economic Analysis, National Income and Product Accounts Tables: Personal Income and Its Disposition, February 2013. Compiled by PGPF.
Even though the personal savings rate increased after the financial crisis and subsequent recession, it is still low compared to its history. Currently, the personal savings rate is about 3.7 percent of disposable income. In the 50-year period between 1950 and 2000, the personal savings rate averaged about 7.9 percent. Personal savings includes contributions to retirement accounts like a Roth IRA or a 401K.
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