U.S. personal savings rate falls to 2.7% in June, lowest since June 2022
The June reading marked a fifth straight monthly decline, taking the cumulative drop to 1.7 percentage points and leaving the rate at its third-lowest monthly level since April 2008.
Fact Check
The BEA official release directly confirms the June 2026 personal saving rate was 2.7%, and FRED, TD Economics, and NPR all corroborate that this is the lowest since June 2022. The headline claim is fully verified by the authoritative primary source. FRED's monthly series (Feb 3.8 through Jun 2.7) supports the described sustained decline. The specific sub-claims of exactly a 'fifth straight decline,' a 1.7 pp cumulative drop, and 'third-lowest since April 2008' are consistent with the trend but not each independently confirmed; they do not undermine the core, well-documented claim.
Summary
The U.S. personal savings rate fell 0.1 percentage point in June to 2.7%, its lowest level since June 2022. The decline was the fifth in a row, bringing the cumulative drop over that stretch to 1.7 percentage points. The June figure was also the third-lowest monthly reading since April 2008, underscoring continued pressure on household saving levels.
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