This is one of those cases where what is good for the economy as a whole is bad for the individual.
Both history and my personal experience demonstrate that we do not have much to worry about. Very, very few people have the will to save anything at all. And, even fewer have ever considered the difference between short-term and long-term savings.
Savings lead to investment and production.
The Keynesian's are substituting low interest rates for real savings, which results in inflation, not production and a 'boom-bust'.