Americans' personal saving rate falls to lowest since 2022

10 articles · Updated · The Wall Street Journal · May 4

The drop comes as households and businesses keep spending and investing despite economic gloom, while income growth slows to its weakest pace in years.
That combination suggests consumer demand is being sustained less by rising pay and more by reduced saving, increasing reliance on continued confidence and spending momentum.
The report says consumption is unusually dependent on faith in one hot sector, echoing conditions last seen during the high-inflation period of 2022.

With consumer spending reliant on a few 'hot sectors,' how vulnerable is the US economy to a single-sector downturn?

With record-low savings and sentiment, is America's economic resilience a high-income illusion masking a crisis for the majority?

As AI disrupts jobs and geopolitical shocks raise prices, are US households prepared for the next downturn without a savings buffer?