Figure F
No clear downward trend in household savings if capital gains are included: Three-year average change in household net worth as a share of GDP, 1958—2016
| Date | Change in household net worth accounted for by capital gains |
|---|---|
| 1958Q1 | 22.3% |
| 1958Q2 | 21.7% |
| 1958Q3 | 21.7% |
| 1958Q4 | 21.9% |
| 1959Q1 | 21.9% |
| 1959Q2 | 21.4% |
| 1959Q3 | 20.8% |
| 1959Q4 | 20.6% |
| 1960Q1 | 20.0% |
| 1960Q2 | 19.7% |
| 1960Q3 | 18.7% |
| 1960Q4 | 18.4% |
| 1961Q1 | 18.9% |
| 1961Q2 | 19.2% |
| 1961Q3 | 20.2% |
| 1961Q4 | 20.3% |
| 1962Q1 | 19.7% |
| 1962Q2 | 17.8% |
| 1962Q3 | 16.0% |
| 1962Q4 | 15.4% |
| 1963Q1 | 15.2% |
| 1963Q2 | 16.8% |
| 1963Q3 | 18.4% |
| 1963Q4 | 19.0% |
| 1964Q1 | 19.3% |
| 1964Q2 | 19.1% |
| 1964Q3 | 18.9% |
| 1964Q4 | 18.7% |
| 1965Q1 | 18.4% |
| 1965Q2 | 18.2% |
| 1965Q3 | 19.7% |
| 1965Q4 | 21.6% |
| 1966Q1 | 22.4% |
| 1966Q2 | 23.1% |
| 1966Q3 | 21.3% |
| 1966Q4 | 19.5% |
| 1967Q1 | 19.9% |
| 1967Q2 | 20.5% |
| 1967Q3 | 21.9% |
| 1967Q4 | 23.0% |
| 1968Q1 | 22.8% |
| 1968Q2 | 23.5% |
| 1968Q3 | 24.5% |
| 1968Q4 | 25.9% |
| 1969Q1 | 26.9% |
| 1969Q2 | 27.3% |
| 1969Q3 | 27.0% |
| 1969Q4 | 26.6% |
| 1970Q1 | 26.3% |
| 1970Q2 | 24.4% |
| 1970Q3 | 23.2% |
| 1970Q4 | 21.9% |
| 1971Q1 | 21.6% |
| 1971Q2 | 23.1% |
| 1971Q3 | 23.2% |
| 1971Q4 | 23.5% |
| 1972Q1 | 23.0% |
| 1972Q2 | 22.4% |
| 1972Q3 | 23.2% |
| 1972Q4 | 24.9% |
| 1973Q1 | 27.0% |
| 1973Q2 | 28.8% |
| 1973Q3 | 31.5% |
| 1973Q4 | 31.9% |
| 1974Q1 | 31.5% |
| 1974Q2 | 29.9% |
| 1974Q3 | 26.3% |
| 1974Q4 | 24.1% |
| 1975Q1 | 23.1% |
| 1975Q2 | 23.3% |
| 1975Q3 | 23.7% |
| 1975Q4 | 23.7% |
| 1976Q1 | 22.9% |
| 1976Q2 | 22.5% |
| 1976Q3 | 22.9% |
| 1976Q4 | 22.9% |
| 1977Q1 | 24.0% |
| 1977Q2 | 25.0% |
| 1977Q3 | 26.3% |
| 1977Q4 | 28.8% |
| 1978Q1 | 30.5% |
| 1978Q2 | 31.3% |
| 1978Q3 | 31.2% |
| 1978Q4 | 31.0% |
| 1979Q1 | 31.2% |
| 1979Q2 | 31.7% |
| 1979Q3 | 32.5% |
| 1979Q4 | 33.0% |
| 1980Q1 | 33.2% |
| 1980Q2 | 34.1% |
| 1980Q3 | 35.2% |
| 1980Q4 | 36.4% |
| 1981Q1 | 37.5% |
| 1981Q2 | 38.2% |
| 1981Q3 | 38.0% |
| 1981Q4 | 37.3% |
| 1982Q1 | 36.6% |
| 1982Q2 | 35.0% |
| 1982Q3 | 33.9% |
| 1982Q4 | 32.7% |
| 1983Q1 | 31.7% |
| 1983Q2 | 31.5% |
| 1983Q3 | 30.9% |
| 1983Q4 | 29.4% |
| 1984Q1 | 27.6% |
| 1984Q2 | 25.7% |
| 1984Q3 | 24.4% |
| 1984Q4 | 24.2% |
| 1985Q1 | 24.3% |
| 1985Q2 | 24.8% |
| 1985Q3 | 25.4% |
| 1985Q4 | 26.0% |
| 1986Q1 | 26.7% |
| 1986Q2 | 27.0% |
| 1986Q3 | 26.9% |
| 1986Q4 | 27.2% |
| 1987Q1 | 28.2% |
| 1987Q2 | 29.3% |
| 1987Q3 | 31.0% |
| 1987Q4 | 31.2% |
| 1988Q1 | 30.9% |
| 1988Q2 | 30.4% |
| 1988Q3 | 29.6% |
| 1988Q4 | 29.9% |
| 1989Q1 | 29.8% |
| 1989Q2 | 29.5% |
| 1989Q3 | 29.4% |
| 1989Q4 | 29.3% |
| 1990Q1 | 28.6% |
| 1990Q2 | 27.4% |
| 1990Q3 | 25.4% |
| 1990Q4 | 23.1% |
| 1991Q1 | 22.6% |
| 1991Q2 | 22.1% |
| 1991Q3 | 22.1% |
| 1991Q4 | 22.4% |
| 1992Q1 | 21.2% |
| 1992Q2 | 20.0% |
| 1992Q3 | 19.0% |
| 1992Q4 | 17.7% |
| 1993Q1 | 16.8% |
| 1993Q2 | 16.6% |
| 1993Q3 | 16.7% |
| 1993Q4 | 17.6% |
| 1994Q1 | 18.2% |
| 1994Q2 | 18.0% |
| 1994Q3 | 18.1% |
| 1994Q4 | 17.4% |
| 1995Q1 | 17.0% |
| 1995Q2 | 17.6% |
| 1995Q3 | 18.5% |
| 1995Q4 | 19.8% |
| 1996Q1 | 21.0% |
| 1996Q2 | 21.9% |
| 1996Q3 | 22.1% |
| 1996Q4 | 22.0% |
| 1997Q1 | 21.9% |
| 1997Q2 | 22.9% |
| 1997Q3 | 24.6% |
| 1997Q4 | 26.4% |
| 1998Q1 | 29.6% |
| 1998Q2 | 31.6% |
| 1998Q3 | 31.4% |
| 1998Q4 | 32.6% |
| 1999Q1 | 32.4% |
| 1999Q2 | 32.7% |
| 1999Q3 | 33.6% |
| 1999Q4 | 35.3% |
| 2000Q1 | 37.9% |
| 2000Q2 | 39.3% |
| 2000Q3 | 40.6% |
| 2000Q4 | 38.1% |
| 2001Q1 | 34.0% |
| 2001Q2 | 30.0% |
| 2001Q3 | 25.2% |
| 2001Q4 | 24.0% |
| 2002Q1 | 22.3% |
| 2002Q2 | 20.0% |
| 2002Q3 | 17.2% |
| 2002Q4 | 13.6% |
| 2003Q1 | 9.3% |
| 2003Q2 | 6.4% |
| 2003Q3 | 6.4% |
| 2003Q4 | 6.5% |
| 2004Q1 | 10.9% |
| 2004Q2 | 16.5% |
| 2004Q3 | 20.6% |
| 2004Q4 | 26.3% |
| 2005Q1 | 29.4% |
| 2005Q2 | 31.6% |
| 2005Q3 | 35.8% |
| 2005Q4 | 39.4% |
| 2006Q1 | 44.0% |
| 2006Q2 | 47.9% |
| 2006Q3 | 49.1% |
| 2006Q4 | 48.5% |
| 2007Q1 | 46.4% |
| 2007Q2 | 43.3% |
| 2007Q3 | 40.4% |
| 2007Q4 | 36.2% |
| 2008Q1 | 30.1% |
| 2008Q2 | 23.8% |
| 2008Q3 | 16.4% |
| 2008Q4 | 6.8% |
| 2009Q1 | -1.6% |
| 2009Q2 | -9.5% |
| 2009Q3 | -14.5% |
| 2009Q4 | -16.0% |
| 2010Q1 | -16.2% |
| 2010Q2 | -16.7% |
| 2010Q3 | -17.4% |
| 2010Q4 | -17.1% |
| 2011Q1 | -15.0% |
| 2011Q2 | -10.5% |
| 2011Q3 | -6.8% |
| 2011Q4 | -2.5% |
| 2012Q1 | 4.1% |
| 2012Q2 | 9.9% |
| 2012Q3 | 16.6% |
| 2012Q4 | 21.0% |
| 2013Q1 | 23.0% |
| 2013Q2 | 24.5% |
| 2013Q3 | 27.2% |
| 2013Q4 | 30.6% |
| 2014Q1 | 32.4% |
| 2014Q2 | 34.0% |
| 2014Q3 | 33.9% |
| 2014Q4 | 35.2% |
| 2015Q1 | 37.0% |
| 2015Q2 | 37.8% |
| 2015Q3 | 38.1% |
| 2015Q4 | 36.4% |
| 2016Q1 | 34.4% |
| 2016Q2 | 32.3% |
| 2016Q3 | 30.9% |
| 2016Q4 | 29.4% |
Note: Shaded areas denote recessions.
Source: Author’s analysis of data from the Financial Accounts of the United States from the Federal Reserve Board (FAUS) and the National Income and Product Accounts (NIPA) of the Bureau of Economic Analysis (BEA)
This chart appears in:
Previous chart: « Higher-income households have much higher savings rates: Savings as share of income by income percentiles, 1989-2013 averages