The personal savings rate in the US was 5.9% in Q2 2010, rising from a low of 1-3% from 2005 to 2007, but still below historical averages of around 10% in the 1970s-1980s. The US savings rate is lower than many countries, with China reported to have a rate of 30-40%. While a higher savings rate slows short-term economic growth, it benefits longer-term growth and helps individuals save for large purchases like a down payment.

1. Personal Savings Rate
October 15, 2010
The personal savings rate in the U.S. was 5.9% in the second quarter
2010.
From 2005 to 2007, the savings rate fell to a range of 1‐3%, which is very
low by historical standards.
Looking back, in the 1970s and early 1980s the savings rate was
averaging around 10%
U.S. is on the lower end of countries based on savings rates, with China
reportedly having a savings rate of around 30‐40%.
A rising savings rate holds back economic growth over the short‐term
though it benefits growth over the longer‐term. Savings will also help
with future downpayments.
Produced by NAR Research

2. Personal Savings Rate
October 15, 2010
Produced by NAR Research