"In January, the savings rate went from 2.5% to 3.2% in one month – a massive increase...Total retail numbers have done nothing but go down. We've seen the biggest increase in food and energy outlays since 2011, accounting for 30% of the increase in consumer spending in the past six months, up from 11% in the two years prior. Consumers have had to draw down whatever savings they amassed after the crisis and run up credit-card debt to keep up with the basic necessities of life."After the crisis, total savings rose from $440 billion to $1.4 trillion. Now it's back to $400 billion. Consumers have basically taken every penny they socked away and spent it."