I was recently in Denmark where I learned first hand from numerous locals about the social services working together whereby most (if not all?) medical care is

I was recently in Denmark where I learned first hand from numerous locals about the social services working together whereby most (if not all?) medical care is completely covered, children's education is covered (if they go abroad as well), subsidies for having kids and for studying / continued education... this largely results in two major considerations: a "no-stress" lifestyle without cause for concern of saving up for unforeseen and significant medical illness, and no cause for concern of saving up for your child's schooling and higher education. So, despite a _slightly_ higher tax, does all the take home money not then become completely disposable income with nothing needing to be allocated for savings, unless desire for new car or housing, or luxuries?