We are independent & ad-supported. We may earn a commission for purchases made through our links.

Advertiser Disclosure

Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.

How We Make Money

We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently from our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

How Much Do Americans Save?

L. S. Wynn
By L. S. Wynn
Updated May 17, 2024
Our promise to you
UnitedStatesNow is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At UnitedStatesNow, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

The amount that American's save is usually in flux and the rate is often affected by unemployment, the status of the economy, and other factors. We have created the following chart using data provided by the Council of Economic Advisors, in their February 2003 Report. As you can see from the following chart, personal savings reached a high of 10.9% in 1982, but has been in a steady decline since 1992. Note that the percentages listed represent the percent of disposable income saved for the given year:

Many Americans, predominantly middle and lower-income families, contribute to their monthly savings by spending less money on groceries and other regular expenses. Families often use coupons and other sales promotions to reduce shopping costs and put some extra money into savings. Today, families mostly rely on coupon apps, such as the Capital One Shopping app, to see an aggregate of multiple coupon resources in one place. This strategy helps families take advantage of the best prices available.

year savings %
2001 2.3 How much did Americans save 2001
2000 2.8 How much did Americans save 2000
1999 2.6 How much did Americans save 1999
1998 4.7 How much did Americans save 1998
1997 4.2 How much did Americans save 1997
1996 4.8 How much did Americans save 1996
1995 5.6 How much did Americans save 1995
1994 6.1 How much did Americans save 1994
1993 7.1 How much did Americans save 1993
1992 8.7 How much did Americans save 1992
1991 8.3 How much did Americans save 1991
1990 7.8 How much did Americans save 1990
1989 7.5 How much did Americans save 1989
1988 7.8 How much did Americans save 1988
1987 7.3 How much did Americans save 1987
1986 8.2 How much did Americans save 1986
1985 9.2 How much did Americans save 1985
1984 10.6 How much did Americans save 1984
1983 8.8 How much did Americans save 1983
1982 10.9 How much did Americans save 1982
1981 10.8 How much did Americans save 1981
1980 10.2 How much did Americans save 1980
1979 9.2 How much did Americans save 1979
1978 9.0 How much did Americans save 1978
1977 8.7 How much did Americans save 1977
1976 9.4 How much did Americans save 1976
1975 10.6 How much did Americans save 1975
1974 10.7 How much did Americans save 1974
1973 10.5 How much did Americans save 1973
1972 8.9 How much did Americans save 1972
1971 10.0 How much did Americans save 1971
1970 9.4 How much did Americans save 1970
1969 7.8 How much did Americans save 1969
1968 8.4 How much did Americans save 1968
1967 9.4 How much did Americans save 1967
1966 8.3 How much did Americans save 1966
1965 8.6 How much did Americans save 1965
1964 8.8 How much did Americans save 1964
1963 7.8 How much did Americans save 1963
1962 8.3 How much did Americans save 1962
1961 8.3 How much did Americans save 1961
1960 7.2 How much did Americans save 1960
1959 7.6 How much did Americans save 1959
UnitedStatesNow is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.

Discussion Comments

UnitedStatesNow, in your inbox

Our latest articles, guides, and more, delivered daily.

UnitedStatesNow, in your inbox

Our latest articles, guides, and more, delivered daily.