Savings Trends - Americans are shifting from post-pandemic "revenge spending" to "revenge saving," prioritizing emergency savings and flexibility [2] - A Vanguard survey indicates that 71% of Americans plan to adjust their savings approach this summer [2] - The US personal savings rate has increased from 35% in December to 49% in April [4] Factors Influencing Savings - Consumers are becoming more cautious due to fluid tariff negotiations, potential higher inflation, and sustained high interest rates [3] - Geopolitical and social unrest are also contributing to consumer concerns [3] - Consumers aim to stockpile cash to protect against unexpected cost increases [4] Retirement Savings - The average employee deferral rate for 401k savings was nearly 8% in 2024, matching the record high from 2023 [5] - Fidelity reports that 401k saving rates reached a record high in the first quarter of 2025, with an employee contribution of 95% [5] - Including employer matching contributions, the savings rate for 401k participants is approaching Fidelity's recommended 15% annual savings rate [6]