Inflation has a negative impact on household savings. This is because inflation erodes the purchasing power of money, making it more difficult for households to save. As prices rise, the value of money decreases, reducing the real value of savings. Additionally, inflation can lead to a decrease in the standard of living, making it harder for households to save. For example, a study found that nearly three in four lower-income households are saving less due to inflation, and those with no emergency savings are more likely to have less than $500 in the bank.

If you want to be more specific, you can press the link below:
https://typeset.io/questions/what-are-the-effects-of-inflation-in-household-savings-and-3sle1raddy
https://www.bankrate.com/personal-finance/effects-of-inflation-on-lower-income-emergency-funds/
https://cepr.org/voxeu/columns/households-response-wealth-effects-inflation