This page takes a closer look at the health of the consumer. On the left, we show the personal saving rate, defined as personal saving as a share of disposable income. During the first year of the pandemic, the saving rate skyrocketed as the shutdown in activities and large fiscal transfers filled consumer wallets. However, as business returned to normal, pent-up consumer demand and rapidly rising prices forced consumers to draw on their excess savings to fund their spending habits, causing the saving rate to fall below average levels. The top right chart shows the growth in the revolving consumer credit balance outstanding to record levels. However, as a share of disposable income, shown on the bottom right, consumers still seem to be spending within their means.