I think it’s really hard to interpret this chart without the wealth element - if I own a $300k home and and I make $50k a year, and I normally save 10% ($5k), a

I think it’s really hard to interpret this chart without the wealth element - if I own a $300k home and and I make $50k a year, and I normally save 10% ($5k), and my house goes up in value 10% ($30k), one might feel better about spending (not saving) the $5k as I would still be $30k “richer” (as opposed to $35k).