Historical Year Data · 1988

Personal Saving Rate in 1988

Personal Saving Rate opened 1988 at 7.90% and closed at 8.30%, a +5.06% move for the year. The high of 8.80% was reached on September 1, and the low of 7.90% on January 1.

Open

7.90%

1988-01

8.30%

12 data points

High

8.80%

Sep 1

Low

7.90%

Jan 1

Full Year Change

+5.06%

1987 Change

-10.64%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	7.90%	7.90%	7.90%	7.90%	+0.00%
Feb	8.40%	8.40%	8.40%	8.40%	+0.00%
Mar	8.00%	8.00%	8.00%	8.00%	+0.00%
Apr	8.70%	8.70%	8.70%	8.70%	+0.00%
May	8.30%	8.30%	8.30%	8.30%	+0.00%
Jun	8.40%	8.40%	8.40%	8.40%	+0.00%
Jul	8.60%	8.60%	8.60%	8.60%	+0.00%
Aug	8.40%	8.40%	8.40%	8.40%	+0.00%
Sep	8.80%	8.80%	8.80%	8.80%	+0.00%
Oct	8.60%	8.60%	8.60%	8.60%	+0.00%
Nov	8.40%	8.40%	8.40%	8.40%	+0.00%
Dec	8.30%	8.30%	8.30%	8.30%	+0.00%

Events During 1988

1982 Latin American Debt Crisis

Deflation

August 1982 – 1989

Mexico defaulted on its external debt in August 1982, triggering a seven-year crisis that engulfed Brazil, Argentina, Chile, and most of Latin America. The "lost decade" reshaped emerging market finance.

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