Why america does not save

America is not saving as much as it should.
Blame the Middle Class. The only deflation they have seen over the last four years (of recession and a neverending jobless recover) has been in their incomes, their wages have increased very little (if at all) and for many they have taken major cuts in pay either to keep their existing job or to find a new one. In the meantime:
Health care premiums are skyrocketing (for those lucky enough to have coverage) and health care costs likewise.
Health care deductibles and copayments are shooting through the roof
Medicine co-payments are doing likewise
College tuition is increasing at double digit rates
Insurance (auto, home) premiums are rapidly moving upwards
OPEC’s tight reign on quotas keeps auto gas prices near $2 gallon
Natural gas prices having tripled impact home heating bills
State and local property taxes are increasing due to local government deficits

This squeeze has resulted in many middle-class Americans using their savings to bridge the gap between their flat incomes and their rising expenses (if they are lucky enough to have a job) or if they have lost their job, they are using savings to survive.
Save More? Right now, the Middle Class is just trying to survive another day