Only 20% of people in the USA have more than 10K in the bank. Savings losing money over time isn't relevant to most people, they are spending what they earn bef

Only 20% of people in the USA have more than 10K in the bank. Savings losing money over time isn't relevant to most people, they are spending what they earn before it matters. (and, btw, my point is not that people in the USA are spendthrifts. It's that most only make enough to support themselves).