Another Penny Saved: The Economic Benefits of Higher US Saving
In the United States, the personal saving rate (saving as a percentage of disposable income) is just 3.8%—considerably below the high of 13% reached in the early 1970s. In Another Penny Saved, just released by Oxford Economics in cooperation with our sponsors, we examine how the US can lift its long-run economic growth rate, reduce the risk of future burdens on the taxpayer, and create more sustainable growth by increasing this rate.
Oxford Economics Research Team
Our economic impact and thought leadership teams produce original, evidence-based research made accessible to decision-makers and opinion leaders. Principals for this project included: