The U.S. Personal Savings Rate dropped to 3.3% in September according to recent data released by FRED, the lowest figure since November last year. The recent figure is less than half the historical average of 6.92% since 1959, but is in line with the trend of a low savings rate which commenced around April 1999. The U.S. consumer continues to be a big spender (more on this here ), but with a low savings rate for more than a decade, the spending is financed by growth in household debt. This is a recipe for even more financial problems going forward. Investors be ware.