Thanks, U.S. consumers

Genevieve Signoret

Activity: Households

• U.S. disposable income and personal consumption are averaging steady growth rates of 2.3–2.6%. This is good news. Not only does U.S. consumer demand explain 68% of U.S. aggregate demand, its share in global demand is a whopping 15%. So, thanks, U.S. consumers!
• The U.S. personal saving rate in September was 5.6%. Placed in historic context, this is low: the average rate since 1959 is 8.4%.

USA: disposable income and personal consumption are averaging growth rates of 2.3–2.6%

Today’s 5.6% U.S. personal saving rate today is low compared with the 1959–2014 historic average of 8.4%