AI Data Insight
The US personal saving rate dropped to 3.8% in September 2026, continuing its decline from 4.1% in August and hitting a nearly four-year low. Although the overall economy and nominal consumption maintained growth in the third quarter, rebounding inflation caused income growth to lag behind price increases, forcing people to deplete their savings to maintain their livelihoods. As household savings levels bottom out, the market worries that consumer momentum in the coming months will face severe tests.