Why Are Lower-Class Savings Declining?

[Suba]

According to information from the Financial Services Authority (OJK), in my country, lower-class savings below $610 are declining. The OJK (Financial Services Authority) has revealed various justifications for government policies driving the downward trend in lower-middle-class savings by the end of August 2025, such as:
- Declining public income
- Increased consumption and spending
- Government policies.

In my personal opinion, the decline in lower-class savings is primarily due to the lack of interest offered by banks, leading people to allocate their savings to investment accounts. The balance in a savings account is determined by transactions; the larger the transactions, the larger the balance.

 

[Starmix]

How could they save when the prices of everything this time is skyrocketing? The prices go up while their salaries or income remain the same.

 

[neku]

I feel technology favors the rich and powerful, making them even richer, and allowing them to exploit poorer people who are not well connected, who become even poorer despite working long hours.

 

[Springtime]

We do not have any statistics here showing that the lower-class people have less savings. But with the price of everything increases, I guess it's difficult for the lower-class people to save money.

 

[Augusta]

Yes I would not keep my money on places that would not yeild me fruits that's the truth. So I rather invest