Why Indians are Behind in SAVINGS ?

Why Indians are Behind in SAVINGS ?

Earlier people have been the most expert in saving,

but today's generation is not able to save, according

to the report, in the year 2021-22, Indians had saved

17.2 lakh crores, and in the last 6 months only 5.2 lakh crores 

There have been savings, and it has gone to the lowest

 in the last 30 years. The reason for this has been said

    to be inflation and an increase in the liabilities of the people.