Best/Worst
Personal Savings Rate by Country 2026
Avg Income Saved in Most Recent Year
-5%
0%
5%
10%
15%
20%
25%
30%
35%
5 Countries with the Most Savings in the Last Year
Country | Avg Income Saved in Most Recent Year↓ | Avg Income Saved in Previous Year | Reference Month | |
|---|---|---|---|---|
 | South Korea | 34.4% | 35.6% | Sep/25 |
 | Morocco | 29.3% | 26.8% | Jun/25 |
 | Sweden | 25.54% | 18.97% | Jun/25 |
 | Netherlands | 25.19% | 14.73% | Jun/25 |
 | Sri Lanka | 24.3% | 22.4% | Dec/24 |
 | Austria | 23.14% | 17.23% | Jun/25 |
 | Slovenia | 22.49% | 10.78% | Mar/24 |
 | Spain | 20.44% | 5.1% | Jun/25 |
 | Mexico | 19% | 20.1% | Dec/24 |
 | Hungary | 18.64% | 20.17% | Dec/24 |
 | France | 18.37% | 18.67% | Sep/25 |
 | Switzerland | 18.1% | 17.7% | Dec/24 |
 | Denmark | 15.68% | 24.22% | Jun/25 |
 | Belgium | 12.9% | 11.4% | Jun/25 |
 | Portugal | 12.5% | 12.5% | Sep/25 |
 | Ireland | 12.5% | 13.4% | Jun/25 |
 | Luxembourg | 12.17% | 12.96% | Dec/24 |
 | Germany | 10.7% | 10.2% | Sep/25 |
 | United Kingdom | 9.5% | 10.2% | Sep/25 |
 | Italy | 9.5% | 9.2% | Jun/25 |
 | Norway | 9.4% | 7.2% | Jun/25 |
 | Lithuania | 7.63% | 5.66% | Dec/24 |
 | Estonia | 7.3% | 3.55% | Dec/24 |
 | Australia | 6.4% | 6% | Sep/25 |
 | Cyprus | 5.57% | 5.7% | Dec/24 |
 | Latvia | 4.94% | 1.75% | Dec/24 |
 | United States | 4.7% | 4.7% | Sep/25 |
 | Canada | 4.7% | 4.6% | Sep/25 |
 | Finland | 4.2% | 5.6% | Sep/25 |
 | Japan | 4.1% | -3.2% | Jun/25 |
 | Thailand | 1.4% | 2.2% | Dec/23 |
 | Hong Kong | 0.01% | 0.11% | Nov/25 |
 | South Africa | -1.2% | -1.1% | Sep/25 |
- Data checks are recorded by month and year rather than date. As such, the first day of each month has been inserted as a placeholder.
Snapshot
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As of 2023-25 data – the most recent data available in early 2026 – South Korea leads with a household saving rate above 34%, followed by Morocco (29%) and several European countries above 20%.
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Most Western European countries cluster between 10% and 25%, reflecting strong social safety nets and cultural saving norms.
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The United States and Canada sit near the lower end among developed economies, with household saving rates below 5%.
How much money families save varies by country, typically ranked in terms of the household saving rate, which reflects how much income households set aside rather than spend.
Household Saving Rate The household saving rate represents the percentage of disposable household income that is saved rather than spent. It reflects how much households set aside for future use after taxes and transfers.
Countries Where Families Save the Most of Their Income
Some countries rise above the rest when it comes to saving money. The top two spots belong to South Korea, where families saved over 34% of their earnings in 2025, and Morocco with over 29% of income saved up. That said, Europeans tend to be some of the most diligent savers, as six of the top ten money saving countries on the list are in Europe. For example, in Sweden, approximately 25.5 percent of all income families earn goes into savings. The Netherlands is fourth on the global list, with families saving just over 25 percent of their income. Austria is number six globally and number three in Europe, with about 23 percent of family income on average ending up in savings accounts.
The Money Saving Habits of Families in the United States
Families in the United States save a decent amount of money, but they do not compare to European countries. In general, families in the United States save just under 5 percent of their household income. This places the U.S. as 27th on the list of the top saving nations.
Why Some Families Have a Hard Time Saving Money
Families may have a hard time saving money for a number of reasons. First, they might not earn enough money to put away a substantial amount. Second, inflation can take a toll on families, especially in some parts of the world. Finally, some people may simply not know that they are supposed to save a certain percentage of their income.
