{"id":1504,"date":"2023-04-09T07:51:03","date_gmt":"2023-04-09T02:21:03","guid":{"rendered":"https:\/\/news.cetoex.com\/?p=1504"},"modified":"2023-04-09T07:51:04","modified_gmt":"2023-04-09T02:21:04","slug":"us-personal-savings-rate-dropped-to-3-7-in-2022-its-lowest-since-2007","status":"publish","type":"post","link":"https:\/\/news.cetoex.com\/us-personal-savings-rate-dropped-to-3-7-in-2022-its-lowest-since-2007\/","title":{"rendered":"US Personal Savings Rate Dropped to 3.7% in 2022, its Lowest Since 2007"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/watcher.guru\/news\/wp-content\/uploads\/2023\/04\/United-states-800x533.jpeg.webp\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Cetoex News &#8211; <\/strong>  Following the tremendous macroeconomic pressure facing the country\u2019s financial outlook, data shows that the US personal savings rate dropped to 3.7% in 2022. Moreover, that figure represents its lowest since 2007.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">The US savings rate is indicative of the nation\u2019s disposable income and could factor into understanding the overall health of an economy. Conversely, the figures released for 2022 paint a grim picture of what that means for the US financially.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-us-savings-plummet-in-2022\">US Savings Plummet in 2022<\/h2>\n\n\n\n<p class=\"has-medium-font-size\">The United States economy has been an undeniable point of observation thus far in 2023. Specifically, macroeconomic pressure continues to engage the\u00a0Federal Reserves\u2019\u00a0year-long fight against inflation, and the\u00a0national debt issue\u00a0continues to loom over economic action taken on capitol hill.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Yet, one figure has emerged that seems to articulate the country\u2019s economic fragility from a citizen\u2019s perspective last year. Then, the US personal savings rate dropped to 3.7% in 2022, standing as the nation\u2019s lowest since 2007.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/watcher.guru\/news\/wp-content\/uploads\/2023\/01\/9d8e30db-9d8f-4c08-89a7-30eefb5c3518-1024x683.jpg.webp\" alt=\"United States Has Committed More Than $24.9B of Taxpayer Money to Ukraine\" class=\"wp-image-72574\"\/><figcaption class=\"wp-element-caption\">Source: CNN International<\/figcaption><\/figure>\n\n\n\n<p class=\"has-medium-font-size\">Finder\u00a0released metrics on the US personal savings data, discussing the unprecedented position of the figure in 2022. Nevertheless, stating that \u201cdisposable income neared historic lows in 2022 and is only doing slightly better in 2023.\u201d Additionally, noting that through February of 2023, Americans are saving 4.5% of their disposable income.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Comparatively, 2020 saw US citizens save 17% of their disposable income, a far cry from the figures shown in the last two years. Yet, the US Bureau of Economic Analysis defines personal savings as disposable income after spending money, bills, loans, or taxes. Thus, it seems clear the effects of inflation are being felt by the average American.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>NEWS BY &#8211; CETOEX NEWS<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cetoex News &#8211; Following the tremendous macroeconomic pressure facing the country\u2019s financial outlook, data shows that the US personal savings rate dropped to 3.7% in 2022. Moreover, that figure represents&hellip; <\/p>\n","protected":false},"author":1,"featured_media":1506,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[25],"tags":[41,44,530,689,688],"class_list":["post-1504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-cetoex","tag-cetoex-news","tag-us","tag-us-personal-savings-lowest-since-2007","tag-us-personal-savings-rate"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/news.cetoex.com\/wp-content\/uploads\/2023\/04\/United-states-800x533.jpeg.webp","_links":{"self":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts\/1504"}],"collection":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/comments?post=1504"}],"version-history":[{"count":1,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts\/1504\/revisions"}],"predecessor-version":[{"id":1507,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts\/1504\/revisions\/1507"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/media\/1506"}],"wp:attachment":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/media?parent=1504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/categories?post=1504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/tags?post=1504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}