The personal savings rate just hit 3.6% — the lowest since 2008 — because Americans are spending more on gas, not more on stuff
The last time Americans saved this little of their paychecks, the economy was sliding into the worst recession in a generation. In March 2026, the personal saving rate dropped to 3.6%, according to the Bureau of Economic Analysis, the lowest reading since December 2007. But unlike a typical consumer boom, the culprit was not a…