[majidazimi]

The goal of saving is to have a lifestyle that you can MAINTAIN during retirement.

- if you save 60% of your income, your lifestyle will be severely damaged and you won't become a spender all of a sudden the day after retirement.

- If you save 5% of your income, then you won't be able to lower your lifestyle once you retire.

Saving 15/20% of income isn't a magic number. But it's something that doesn't damage your lifestyle + it accumulates to a meaningful amount that saves your ass in old times.

Going aggressive in either direction (spending or saving) is not the right mindset, because you won't be able to CHANGE once you adopt a specific lifestyle.

[mejutoco]

There can be many goals for saving.

It is easy to imagine parents that want to save as much as possible for their kids, for example.

[imtringued]

Why would a kid need "saving as much as possible", did you ask them? What if they need the money before your death?

[mejutoco]

To help them go to extra curricular classes they enjoy, university, study or live abroad, buy a house …

My original point was about saving not having a single reason, but varied ones. Maybe not "as much as possible" but enough to provide for any of the things above for one‘s kids.