Personal Savings Rate

I have found it an amusing example of not seeing the forest from the trees. I have heard pundits arguing about where the personal savings rate will move from here. Then I see a chart similar to this proposed.



So it is easy to see that savings rate has jumped but will probably be back to trend soon. However, what trend is probably the most relevant idea. Here is a second chart.



So which is it? A trend of savings around in the 4% range or is it in the high single digits?