Some savings are necessary in life as these savings will be some recourse in your old age. But of course, investment should be given priority over savings. According to me, investment should be prioritized for four reasons.
For the older ones, savings are a must because they can't take any longer risk unless they've got a huge savings that they can attain to lose money by taking risks with investments. It's best for the younger ones to invest at an early stage because they can attain to make mistakes and they can recover eventually, that's why the old ones are good to have with what's left on them if they ever have saved and invested at their young age. And as they grow old, it's best to them to just enjoy the profits they've made to enjoy life.
Enjoying life is one of the goals when we are required to invest, by investing we can expect something better, especialy in financial terms. But for me saving and investing are both equally good and if possible it's better to do both. We can use our savings when something sudden happens that requires us to spend more money, so our investment will not be disturbed because we still have savings.
We can also use savings for investment, for example when we have a lot of savings we can allocate it to investment. I think that is a good way to do it, because it has many advantages that we can utilize.
It's like our end game for this life, we just want to enjoy but if you start to save and invest later, you'll just enjoy it later too. While those that have started too early, that means that they can also enjoy it too but earlier. So you choose what makes you think that you're suitable to enjoy life early but you didn't do necessary actions like buying assets at your early age and when you didn't saved that money of yours but used it for nonsense things.