The data describes the value of personal savings in the U.S. from 1960 to 2017, as of last quarter of each year. The personal savings in the U.S. amounted to over 384 billion USD in 2017.
Personal savings in the U.S.
It is generally the case that in times of austerity people hold on to capital. In the wake of the 2008 financial crisis, this has also been the case. The periods of growth and seeming economic stability in the pre-2008 crisis period were due to falling savings rates and growing household debt. People were confident the good times would stay and felt comfortable in borrowing money.
