How has America’s household savings rate changed since 1970? According to OECD survey info, the savings as a percent of disposable household income are shown below:

1970 8.3%
1975 9.4% - highest year
1980 7.3%
1985 4.5%
1990 7.0%
1991 7.3%
1992 7.7%
1993 5.8%
1994 4.8%
1995 4.6%
1996 4.0%
1997 3.6%
1998 4.3%
1999 2.4%
2000 2.3%
2001 1.8%
2002 2.4%
2003 2.1%
2004 2.1%
2005 0.5%
2006 0.4%  - lowest year
2007 0.7% (predicted)

* Savings are shown as a percentage of disposable household income.