Personal Savings Rate
Returns the personal savings rate, which is personal saving as a percentage of disposable personal income.
Data Details
| Attribute | Value |
|---|---|
| Source | Bureau of Economic Analysis (BEA) / FRED |
| Frequency | Monthly |
| Unit | Percentage |
| Calculation | Personal Savings / Disposable Income |
Notes
- Higher rates indicate consumers are saving more of their income
- Lower rates may indicate increased spending or financial stress
- Spiked during COVID-19 due to stimulus payments and reduced spending
Examples
Current personal savings rate
=PersonalSavingsRate()/100=100-PersonalSavingsRate()When to Use
- Analyzing consumer financial health
- Tracking savings behavior
- Economic research on consumption
- Forecasting consumer spending
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Need population data | Population() |
| Need labor data | LaborForce() |
| Need inflation data | ConsumerPriceindex() |
Common Issues & FAQ
Q: What unit is the result in? A: Percentage of disposable income.
Q: What is disposable income? A: Personal income minus taxes paid.
Q: Why did the savings rate spike in 2020-2021? A: Stimulus payments increased income while lockdowns reduced spending opportunities.
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