Most people are grasshoppers not ants. In any case, under normal economic circumstances, the primary concern shouldn't be the savings rate per se, but the amount of income people have after meeting basic needs. You need to have that before you can even begin to save. The problem is that a high savings rate often leads to a weak domestic economy. Its only macroeconomic benefit is in providing a cheap source of capital to domestic industries that produce exported goods, assuming that capital outflows are restricted.
My words have been misunderstood. Saved money was not referring to money saved by consumers, but to money saved by producers due to higher rates of economic efficiency. Hence why such money could be used by said producers to raise wages at a faster rate than prices.
