Households Saved $58 Billion Less in June Despite Higher Income

BEA data released July 30 show personal saving fell from $704.2 billion in May to $646.1 billion in June 2026 — a $58 billion drop — even as income rose $54.9 billion (0.2 percent). The saving rate (saving as a share of after-tax income) slipped to 2.7 percent from 3.0 percent. Spending outpaced earnings, thinning household buffers.