?
low interest rates means there is no point in savings - it also means people can borrow more for less. Savings aren't good, they are getting worse in many ways, as people buy TVs and cars on credit. Some are saving or investing more to up the averages, but something like 25% of Australians have less than 1000 dollars in the bank.
Yes, that's why they direct people to spend, e.g. Japan.