For the past decade, saving money would get you nowhere. It might change now as long as interest rates stay where they are at but if you started savings by putting little by little of your extra funds In a savings account, most of that money would of evaporated due to inflation.
This is why most wealthy people aren’t affected by inflation because they own assets like stocks, real estate, gold, bitcoin, etc.
It might change now? I think that's too late. If there is a change, it already happened long time ago. If there is a change, then that will only make the situation worse for us people because the rates will only get higher.
Even though our money will get devalued over time, there will still be something that will left with us, so we can say that saving is still better than not saving anything at all. Also when we save, we can try to use the money in a not-so-long-time, so that inflation won't eat most of it and we won't heavily regret it. We can't also predict life and maybe something really bad can happen to us later on and we may not enjoy our money anymore.
Saving should not be underrated since it is through saving that we can gain funds to invest without borrowing the capital. Of course, we shouldn't stop with saving alone but use it as an edge to invest. When the time our investment turns into a success, that will give us bigger opportunity to save more funds so we can prepare for a bright future ahead.