Personal savings in the United States

Pavel Prikhodko, Ph.D. Machine Learning

According to statistics representing gross private savings in the United States, residents saved approximately $3.5 trillion as of the fourth quarter of 2015. In comparison, gross private savings in the country amounted to $3.63 trillion in 2014. In 2013 and 2012, gross private savings amounted to $3.35 trillion and $3.75 trillion respectively.

The personal savings rate amounted to 5.5 percent in 2015 (in the previous year, the rate approximated to 5 percent). In 2013, the rate of personal savings in the United States was 4.1 percent, while in 2012 the rate amounted to more than 10 percent. In 2011, people saved approximately 6.4 percent.



If we examine the information representing the total financial assets of American savings institutions from 1990 to 2010 (published at, we see that the total value of assets was approximately $1.24 trillion in 2010. In 2009 this value was $1.25 trillion, while in 2008 the number was higher: $1.52 trillion. The highest amount in the last two decades was recorded in 2007 when the total value of assets of U.S. savings institutions reached approximately $1.81 trillion. The number of total financial assets in the United States was quite large in 2006 and 2005 as well: $1.71 trillion and $1.78 trillion respectively.


In 2013, about 53 percent of families in the United States saved money. In 2010, the percentage of families saving money amounted to 52 percent. In 2007 and 2004, the percentage of families who saved money was the same: 56 percent.

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About Pavel Prikhodko

Pavel Prikhodko, Ph.D. Machine Learning

Pavel has worked for many years as a researcher and developer on a wide range of applications (varying from mechanics and manufacturing to social data, finance and advertising), building predictive systems and trying to find stories that data can tell.

In his free time, he enjoys being with his family.

Other posts by Pavel Prikhodko:

2 thoughts on “Personal savings in the United States”

  1. very lame article. no breakdown as to what assets represent “savings” is it currency? stocks? bonds? real estate.
    how much is save per capita? how much per income group?
    etc etc.

    a couple of charts does not an article make.
    how about context and actual reasoning to put foward an explanation of how and why , and why not more?

    why do people save, how do people save, what is the average income of the savers?

    this is just statistics, not an article.

  2. Shouldn’t a “Personal Savings” article actually reflect what a “Personal Savings” amount? Just wondering.

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