Do LED floor lamps save money vs. traditional bulbs?

Yes, significantly. An LED floor lamp uses roughly 10 15 watts for the same brightness a 60 75 watt incandescent bulb would produce. Over the lifespan of the lamp (15,000 50,000 hours), that adds up to real savings on your electric bill. Integrated LED lamps also skip bulb replacement costs entirely though that cuts both ways if the LEDs eventually fail.