Americans' Savings Rate Drops To Its Lowest Point Since 2022
US-Markets
Updated: May 29, 2026
Summary is AI-generated, newsroom-reviewed
USA's personal savings rate dropped sharply in April, reaching its lowest level in nearly four years as households grapple with higher costs for essentials such as food, healthcare, energy and utilities.
The US personal savings rate has plummeted to 2.6%, according to the latest Bureau of Economic Analysis (BEA) data released on Thursday, May 28.
The personal savings rate hit 2.6% in April, down sharply from 5.8% a year earlier and 3.2% in March.