The data describes the personal saving rate in the U.S. from January 2016 to July 2018. Personal saving rate is calculated as the ratio of personal saving to disposable personal income. In July 2018, the personal saving rate in the United States amounted to 6.7%.
Personal savings - additional information
Saving refers to strategies of accumulating capital for future use by either not spending a part of one’s income or cutting down on certain costs. Saved money may be preserved as cash, put on a deposit account or invested in various financial instruments.
