It's easy to blame people for being poor savers but it's where we are at in the cycle of usury reserve banking. Always behind the curve and basically money starts slipping through people's hands as the interest eats away at the currency.
In the 50s, women working was optional. In the 60s/70s women wanted the right to equal opportunity in the workplace. Nowadays it is essential for most people that both partners work and work is usually miles away. That's how inflation has eaten away at the savings rate. The whole economy becomes geared towards indebtedness, falling behind the curve of money owed back, so they keep upping the doses of money attached with interest rates which can never be paid back and people think they're getting ahead.
It doesn't matter what the official interest rate is, if they're printing money and attaching interest rates to it, the money doesnt exist to pay it back from day one. So then all the leverage and financial trickery is touted as the saviour, ignoring the baseline reality, and we end up in problems like we have presently.
