Question of the Day (UPDATE): What is the personal savings rate in the United States?

Aug 19, 2020
Savings, Question of the Day

Answer: 19% (as of June 2020)

View the current Savings Rate


  • How does the personal savings rate today (about 19%) compare to the rate during other periods of time? (In other words, is the rate lower, higher, or around the same?)
  • In our current historical moment, what would be your explanation of a 19% personal savings rate?
  • What has been the general trend for personal savings rate in the U.S. from 1960-2019? 
  • What has happened to the personal savings rate during recessions in the past (gray bars)? 
  • What do you think is a good saving target to aim for personally? 

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.


NGPF has lots of resources focused on Saving. Check them out here. 

About the Author

Mason Butts

After graduating from UCLA with a Master's in Education, Mason spent 5 years as a science educator in a South Los Angeles public high school. He is committed to supporting the holistic growth of all students and empowering them to live a life of relational, academic, and financial success. Now settled in the Bay Area, Mason enjoys facilitating professional developments and partnering with educators as they prepare students for a bright financial future. When Mason is not building curriculum or planning a training, he can be found cycling, trying new foods, and exploring the outdoors.