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

Questions: 

  • 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.