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Question of the Day

Savings #2 UPDATED

What is the personal savings rate in the United States?

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Personal saving as a percentage of disposable personal income (DPI), frequently referred to as “the personal saving rate,” is calculated as the ratio of personal saving to DPI. (Federal Reserve Bank)

www.ngpf.org Last updated: 10/23/17

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19% (as of June 2020)

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Follow Up Questions

  1. How does the personal savings rate today (about 19%) compare to the rate during other periods of time? (In other words, is the rate lower, higher, or around the same?)

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  • In our current historical moment, what would be your explanation of a 19% personal savings rate?

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  • What has been the general trend for personal savings rate in the U.S. from 1960-2019?

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  • What has happened to the personal savings rate during recessions in the past (gray bars)?

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  • What do you think is a good saving target to aim for personally?