While more of what there is may be flowing to the top 1%, there is altogether less of everything.
Real personal disposable income per capita remains at levels associated with recession, government personal transfer payments remain elevated well above pre recession levels and personal savings remains at post 2000 lows:
And growth in per capita chained personal disposable income remains low:
Given the disparity in income growth current savings rates may not be historically comparable. What we need to know is the savings rates amongst that area of the population that would like to spend more but cannot or would like to save more but, likewise, cannot. Savings rates remain close to post 2000 lows. While more of what there is may be flowing to the top 1% there is altogether less of everything.