US personal savings rate drops sharply in 2026, approaching historic lows

With prices rising, Americans are saving less

The US personal savings rate dropped to 2.6% in April — lowest since June 2022 and down 1.7 points since January — as inflation keeps eroding household buffers. Consumers are increasingly turning to credit cards to sustain spending, signaling demand fragility that tech companies with B2C or SMB exposure should factor into H2 forecasts.