Personal Savings: Inflation & Population Adjusted

I saw the 2022-Q3 Personal Savings data and was rather alarmed as this was, at least by the charts, historically low.

I decided to make two adjustments:

1. Adjust for inflation by chaining 2022-Q1
2. Adjust for total US Population

The inflation-adjusted personal savings per person came out to by $1649 for the most recent quarter reported. Since 1960, there have been 13 quarters with a lower number

• 2001-Q4
• 2005-Q1 through 2005-Q4
• 2006-Q2 through 2008-Q1

I'm not sure what the implications of this are as I haven't looked at this holistically, but it is striking that the times when savings were lowest tended to be times around the two rather big economic contractions we've have in the last 30 years.

All data came from the FRED