Finance and Financial Management Commons^™

Personal Savings In The United States, Samanatha A. Marsh

Honors Theses

Over the past decade personal savings in America has been much lower than in the past. The question is why household savings is so much lower and what factors are contributing to the decline. To answer this question, I look at data collected from the Bureau of Labor Statistics (BLS). The BLS has conducted a survey of consumer expenditures, or buying habits, since 1984. By using the BLS 2010 Consumer Expenditure Data, I can look at how different factors, such as income, age, family size and number of kids under the age of eighteen all effect household savings. Using the …