All people have access to their 401Ks and IRAs ... and without penalty with some types of disasters.
It’s just irresponsible to suggest that Americans don’t save. They do.
Good grief! How many people do you think have a 401K plan? Or an Ira? Not MOST. And I didn't suggest anything. It's a fact that that personal savings are the least since the depression and personal debt is higher than ever. Check your governments figures.
There are a lot of people who don't/can't save anything. Worse yet, there are also a lot who are deep into debt.