Disagree.

Savings rates are a much better monitor of the general population's cash-on-hand, since total savings amount can be skewed due to the amount of wealth held at the top.

This is telling us the amount of money saved as a percentage of total income.

This is against a graph of gross credit card debt.

Which, looking at its sharp rise against the collapsing savings rate, would suggest that people are having a harder time paying their month to month bills.

Which I think is evidently true.

That sharp uptick in 08 would far expand beyond an inflationary dollar values over just a 20yr period.