The personal savings rate graph you link is basically in the same spot as it was in 2004, so I don't think it's fair to call "dwindling" there a recent trend. T

The personal savings rate graph you link is basically in the same spot as it was in 2004, so I don't think it's fair to call "dwindling" there a recent trend. The giant spike in 2020 is the outlier on that chart and there continue to be a lot of reverberations of 2020, but a story of "people saved a lot of money during COVID and the combination of that + logistics disruptions led to price spikes in various areas" is fairly straightforward and doesn't have to suggest unsustainability.