Historical Year Data · 1979

Personal Saving Rate in 1979

Personal Saving Rate opened 1979 at 11.10% and closed at 10.10%, a -9.01% move for the year. The high of 11.20% was reached on March 1, and the low of 9.40% on September 1.

Open

11.10%

1979-01

10.10%

12 data points

High

11.20%

Mar 1

Low

9.40%

Sep 1

Full Year Change

-9.01%

1978 Change

-12.61%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	11.10%	11.10%	11.10%	11.10%	+0.00%
Feb	11.00%	11.00%	11.00%	11.00%	+0.00%
Mar	11.20%	11.20%	11.20%	11.20%	+0.00%
Apr	11.00%	11.00%	11.00%	11.00%	+0.00%
May	10.30%	10.30%	10.30%	10.30%	+0.00%
Jun	9.80%	9.80%	9.80%	9.80%	+0.00%
Jul	10.60%	10.60%	10.60%	10.60%	+0.00%
Aug	9.70%	9.70%	9.70%	9.70%	+0.00%
Sep	9.40%	9.40%	9.40%	9.40%	+0.00%
Oct	9.70%	9.70%	9.70%	9.70%	+0.00%
Nov	9.70%	9.70%	9.70%	9.70%	+0.00%
Dec	10.10%	10.10%	10.10%	10.10%	+0.00%

Events During 1979

1979 Volcker Shock

Stagflation

October 1979 – August 1982

Paul Volcker's Fed raised interest rates to 20% to break entrenched inflation. The policy triggered the deepest post-war recession but ended the stagflation era and established inflation-targeting credibility.

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