Historical Year Data · 1989

Personal Saving Rate in 1989

Personal Saving Rate opened 1989 at 8.50% and closed at 7.70%, a -9.41% move for the year. The high of 9.40% was reached on March 1, and the low of 7.50% on August 1.

Open

8.50%

1989-01

7.70%

12 data points

High

9.40%

Mar 1

Low

7.50%

Aug 1

Full Year Change

-9.41%

1988 Change

+5.06%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	8.50%	8.50%	8.50%	8.50%	+0.00%
Feb	8.90%	8.90%	8.90%	8.90%	+0.00%
Mar	9.40%	9.40%	9.40%	9.40%	+0.00%
Apr	8.30%	8.30%	8.30%	8.30%	+0.00%
May	8.00%	8.00%	8.00%	8.00%	+0.00%
Jun	8.10%	8.10%	8.10%	8.10%	+0.00%
Jul	8.10%	8.10%	8.10%	8.10%	+0.00%
Aug	7.50%	7.50%	7.50%	7.50%	+0.00%
Sep	7.90%	7.90%	7.90%	7.90%	+0.00%
Oct	8.40%	8.40%	8.40%	8.40%	+0.00%
Nov	8.50%	8.50%	8.50%	8.50%	+0.00%
Dec	7.70%	7.70%	7.70%	7.70%	+0.00%

Events During 1989

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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