[walru]

The Fed is responsible for the savings rate of the average American, which is to say, it's absolutely worthless to stick your money in the bank and watch it grow, which would help starve off what they're talking about here.

[kolpa]

The average American has no particular reason to stick with a "savings account". They could buy equities and ETFs that are as simple as savings accounts.

[walshemj]

You know that high interest rates for savings go in had with high inflation cash never beat's inflation.

[Y_Y]

I think "starving off" might be exactly what they have in mind.

[gbacon]

You are responsible for your rate of savings. I am responsible for mine.