Americans Stashed Away $58 Billion Less in June — Even as Paychecks Rose

Government data released July 30 show Americans' savings fell from $704.2 billion in May to $646.1 billion in June 2026 — a $58 billion drop — even though income rose $54.9 billion (0.2 percent). The saving rate, the share of income people set aside, fell to 2.7 percent from 3.0 percent. Spending outpaced earnings, leaving families with thinner cushions.