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National Saving Trends

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Policymakers have been keeping an eye on the nation's net national saving rate, which has been trending down over the last two and a half decades. The less we save, the less we can invest to ensure future consumption and output growth, or the more we must borrow from abroad to finance investment. Foreign capital inflows will shore up domestic output, but future U.S. consumption may not increase, since much of the extra output will have to be devoted to servicing additional foreign debt.

Suggested citation: “National Saving Trends,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-10, pp. 16, 10.01.1997.

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