Historical Year Data · 1974

Personal Saving Rate in 1974

Personal Saving Rate opened 1974 at 14.30% and closed at 14.00%, a -2.10% move for the year. The high of 14.30% was reached on January 1, and the low of 12.10% on August 1.

Open

14.30%

1974-01

14.00%

12 data points

High

14.30%

Jan 1

Low

12.10%

Aug 1

Full Year Change

-2.10%

1973 Change

+19.35%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	14.30%	14.30%	14.30%	14.30%	+0.00%
Feb	14.20%	14.20%	14.20%	14.20%	+0.00%
Mar	13.40%	13.40%	13.40%	13.40%	+0.00%
Apr	13.10%	13.10%	13.10%	13.10%	+0.00%
May	12.80%	12.80%	12.80%	12.80%	+0.00%
Jun	12.80%	12.80%	12.80%	12.80%	+0.00%
Jul	12.80%	12.80%	12.80%	12.80%	+0.00%
Aug	12.10%	12.10%	12.10%	12.10%	+0.00%
Sep	12.90%	12.90%	12.90%	12.90%	+0.00%
Oct	13.40%	13.40%	13.40%	13.40%	+0.00%
Nov	13.80%	13.80%	13.80%	13.80%	+0.00%
Dec	14.00%	14.00%	14.00%	14.00%	+0.00%

Events During 1974

1973 OPEC Oil Embargo

Stagflation

October 1973 – March 1974

OPEC quadrupled oil prices and embargoed shipments to the United States in response to US support for Israel in the Yom Kippur War. The shock launched a decade of stagflation.

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