Household savings rates by income percentile, 1989–2013
| Year | Average | Bottom 80 | 80-90th | 90th-95th | 95th-99th | Top 1 percent |
|---|---|---|---|---|---|---|
| 1989 | 12.8% | 3.4% | 1.7% | 8.0% | 39.0% | 47.5% |
| 1992 | 15.3% | 5.2% | 9.4% | 20.3% | 32.5% | 50.7% |
| 1995 | 12.1% | 3.5% | 6.8% | 16.5% | 23.0% | 48.1% |
| 1998 | 12.6% | 0.5% | 4.5% | 3.1% | 43.0% | 48.7% |
| 2001 | 7.2% | 0.6% | -5.1% | 4.1% | 21.4% | 37.7% |
| 2004 | 11.6% | -3.6% | -6.9% | -2.8% | 28.5% | 86.9% |
| 2007 | 9.1% | -8.0% | -7.2% | 20.4% | 35.1% | 45.1% |
| 2010 | 11.0% | 5.8% | 8.7% | 9.1% | 24.5% | 23.8% |
| 2013 | 12.3% | 6.6% | 4.7% | 9.8% | 18.7% | 38.3% |
Note: Shaded areas denote recessions.
Source: Author’s analysis of data from the Federal Reserve Board's Survey of Consumer Finances (SCF), the Federal Reserve Board's Financial Accounts of the United States (FAUS), and Congressional Budget Office data on household income and effective tax rates (CBO 2016)