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Understanding Personal Saving Rates: Trends and Economic Impact (2000-2014)

This article explores the personal saving rate in the U.S. from January 2000 to July 2014, highlighting significant trends and economic shifts. By 2000, the personal saving rate had dramatically declined to 39% of its 1980 value. The average saving rate during the recent recession was 5.4%, compared to 4.4% during the 2001 recession, showing households tend to save more during tough economic times. The article encourages readers to calculate their personal saving rate and compare it with the national average.

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Understanding Personal Saving Rates: Trends and Economic Impact (2000-2014)

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  1. Personal Saving RateDelayed Consumption Date last updated: September 8, 2014 DataPost Federal Reserve Bank of San Francisco Economic Education Group

  2. Saving Rate – Did You Know? Sources: Bureau of Economic Analysis & FRBSF calculations By 2000 personal saving (as a percent of disposable income) had dropped to 39% of its 1980 rate. DataPost http://www.frbsf.org/education/teachers/datapost/index.html FRBSF Economic Education Group

  3. Personal Saving Rate (%) Seasonally adjusted values, Jan. 2000 – Jul. 2014 DataPost Source: Bureau of Economic Analysis http://www.frbsf.org/education/teachers/datapost/index.html FRBSF Economic Education Group

  4. Annotated Chart NotesPersonal Saving Rate (%)Seasonally adjusted values, Jan. 2000 – Jul. 2014 During the latest recession, the average saving rate was 5.4% compared to an average 4.4% during the 2001 recession Households often save more during a recession DataPost Source: Bureau of Economic Analysis http://www.frbsf.org/education/teachers/datapost/index.html FRBSF Economic Education Group

  5. What Do You Think? • What was your personal saving rate last month? • Within a given month, add up all earnings, taxes paid, and expenses to calculate your personal saving rate: • Compare your personal saving rate with the U.S. average in 2013. (Disposable Income – Spending) X 100 Disposable Income DataPost http://www.frbsf.org/education/teachers/datapost/index.html FRBSF Economic Education Group

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