U.S. personal savings rate falls to 2.6%

The U.S. personal savings rate has fallen to 2.6%, its second-lowest level in the past 65 years.
The historically low rate suggests households are retaining a relatively small share of disposable income, reducing the financial buffer available against higher prices, borrowing costs or weaker employment conditions.
Consumer spending can remain strong while savings fall, but persistently depleted household buffers can increase vulnerability if economic conditions deteriorate.