But another less often talked about issue is that almost nobody is able to make savings anymore.
So, do you agree that radical changes are needed?
The reason why people are not saving so much anymore is because more and more people understand the fact that saving is not really saving. What saving really is, is investing into fiat. However due to the inflationary nature of fiat, that investment becomes worthless over time. And yes, I agree that changes need to be made.
Sure, saving up money is the instinctive way to protect your wealth. But that instinct is wrong. The best way to save up money is to invest in things more worthwhile than fiat.
Personally, I would invest it all into Bitcoin and a few smaller investments in other cryptocurrencies. I am sure that nobody on this forum needs an explanation why.