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Here's savings rate data: https://fred.stlouisfed.org/series/PSAVERT

Note that this is savings rate net of taxes. It has been on a mostly steady decline since it has been calculated, with some spikes and a leveling out slightly higher than the rate before the last recession.

What happened from December 2012 to January 2013 for the personal savings rate to drop from 11% to 5%?

You also have to watch for savings going up and credit going down, to reflect people who are sick of being in debt and shying away from it wherever possible.

True that. I was like this for a good number of years, and it's only been recently that I've started using credit for a few things.

Sure, take a look at student loan debt for one glaring example.

Or the debt-to-income ratios required to get a home today versus 30-40 years ago. Credit card debt growth, medical debt growth, saving rates declines, etc.