Image Source: Pixabay
 

The personal savings rate in the US is approaching very low levels, near 3.5%. Savings levels were as high as 30% during COVID, but have decreased since then as the economy reopened and inflation increased significantly, highlighting struggling consumers. The personal finance guideline is to recommend saving 20% of disposable income.
 

Source: U.S. Bureau of Economic Analysis
Personal saving as a percentage of disposable personal income (DPI). This graph was produced by Lucas Juery, CFA, CFP^Ⓡ and is not intended to provide financial advice.

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