"and slowly eating up the savings of those who saved with inflation" Do people really sit on cash as it's being devalued by inflation anymore? I thought saving

"and slowly eating up the savings of those who saved with inflation" Do people really sit on cash as it's being devalued by inflation anymore? I thought savings of all types were at historical lows since the 90's where nobody saves, has debt (e.g. mortgage & credit cards), or invests in the stock market in some form - which has become incredibly easy to do over the last 2 decades.