The reality is, people do not actually rely from saving anymore, but by taking a loan as they get instant approval most especially if they present good and stable sources of income. With that, the essence of saving most especially for the younger ones have started to vanish until out of 10 workers, only 1 is able to do so.
That’s how fast and influential the changes are. If there are no instant loan offers, they will be encouraged to work hard and save more. But this is the reality now, people are dependent already on what is instant than taking a long process like saving for their future.
You say that the value of savings is disappearing among the population, especially among the youth, and I think that the economy is not helping this situation, but if there's a will, there's a way. People need to get a financial education and read books that help them in their jobs. Because most of these problems arise because people don't distribute their income properly and leave expensive items for the future.
I guess no matter how people become educated or not, but if their intentions are not that strong to save for their future and for emergency funds, they will definitely won’t find some ways to save. Getting low salary income is not actually an excuse, because if you really have the biggest desire to save, you will resort into looking for side hustles that will pay you extra income, that way you will have no excuse from not saving.