The Kobeissi Letter(@KobeissiLetter):BREAKING: The US personal savings rate fell -0.1 percentage point in June, to 2.7%, the lowest since June 2022. This marks the 5th consecutive monthly decline, bringing the cumulative drop to -1.7 percentage points. This is also the 3rd-lowest monthly reading since April 2008, during the Financial Crisis. To put this into perspective, the personal savings rate averaged ~5.5% between 2014 and 2019. The only period in modern history with similarly low saving rates was 2005-2007, when the rate fluctuated between 1.4% and 3.3%. US households are struggling to save money.

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The Kobeissi Letter@KobeissiLetter

2026.08.02 01:17

BREAKING: The US personal savings rate fell -0.1 percentage point in June, to 2.7%, the lowest since June 2022. This marks the 5th consecutive monthly decline, bringing the cumulative drop to -1.7 percentage points. This is also the 3rd-lowest monthly reading since April 2008, during the Financial Crisis. To put this into perspective, the personal savings rate averaged ~5.5% between 2014 and 2019. The only period in modern history with similarly low saving rates was 2005-2007, when the rate fluctuated between 1.4% and 3.3%. US households are struggling to save money.