Historical Year Data · 1971

Personal Saving Rate in 1971

Personal Saving Rate opened 1971 at 13.30% and closed at 13.00%, a -2.26% move for the year. The high of 14.70% was reached on June 1, and the low of 13.00% on December 1.

Open

13.30%

1971-01

13.00%

12 data points

High

14.70%

Jun 1

Low

13.00%

Dec 1

Full Year Change

-2.26%

1970 Change

+11.86%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	13.30%	13.30%	13.30%	13.30%	+0.00%
Feb	13.30%	13.30%	13.30%	13.30%	+0.00%
Mar	13.50%	13.50%	13.50%	13.50%	+0.00%
Apr	13.20%	13.20%	13.20%	13.20%	+0.00%
May	13.60%	13.60%	13.60%	13.60%	+0.00%
Jun	14.70%	14.70%	14.70%	14.70%	+0.00%
Jul	13.80%	13.80%	13.80%	13.80%	+0.00%
Aug	13.60%	13.60%	13.60%	13.60%	+0.00%
Sep	13.30%	13.30%	13.30%	13.30%	+0.00%
Oct	13.30%	13.30%	13.30%	13.30%	+0.00%
Nov	13.10%	13.10%	13.10%	13.10%	+0.00%
Dec	13.00%	13.00%	13.00%	13.00%	+0.00%

Events During 1971

1971 Nixon Shock (End of Gold Standard)

Stagflation

August 15, 1971

On August 15, 1971, President Nixon announced the United States would no longer convert dollars to gold at $35/oz, ending the Bretton Woods system and ushering in the modern fiat era.

Previous Year

← Personal Saving Rate in 1970

Next Year

Personal Saving Rate in 1972→