US personal savings rate falls to 2.6%, lowest since 2008 financial crisis
By
The Economist
Summary
America's personal savings rate dropped to 2.6% in April 2026, its lowest level since the 2008 financial crisis, raising concerns that consumer spending—the main driver of GDP—may be unsustainable. While consumption has grown at a respectable 2%, the sharp decline in savings suggests households are spending beyond their means, potentially signaling an economic downturn ahead.
Source
bskyUS personal savings rate falls to 2.6%, lowest since 2008 financial crisiseconomist.comKey quotes
· 3 pulledAmerica's personal-saving rate fell to 2.6% in April.
It has been lower only once since early 2008, when Bear Stearns, a bank, became one of the first casualties of the global financial crisis.
Surely, the argument goes, it is only a matter of time before consumption cracks.
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