Saving is the only economy builder. That doesn’t mean that saving is sensible to the income earner if there are no incentives and money in the bank is actually at risk of confiscation.
Agree 100%. What's happening now has just about destroyed the middle class and made it impossible for most to get a few steps ahead financially.
If I were younger I'd worry about even "safe" retirement savings. I'd worry about a future where those savings got automatically transferred into "safe" government annuities. That would mean the principle would be gone for future use and future generations. It's already happening. So many seniors have been talked into forfeiting their savings for annuities, just to compensate for low interest rates on their savings.
The more I learn about things, the more having some physical, easily-verifiable gold or silver in ones possession makes sense.