US Savings Rate Falls as Wages Rise, Consumer Sentiment Hits 12-Month Low
Americans saved less despite wage growth, with savings rate dropping to 4% as income climbed to $13,338.7 billion in Q1 2026. The U.S. personal savings rate declined to 4% in the first quarter of 2026, down from 6.2% in early 2024, even as wages and salaries increased from