> Most Americans have around a thousand dollars in savings and that is it.
Per the US government's own BLS, the median household has >$1,000 leftover each month after all ordinary expenses. Americans may not save much but it isn't for lack of available income.
Medians mean nothing in a society that has a bimodal distribution of wealth.
America is full of people who are working a job and a half (with a good chance both are 30hr a week jobs that offer no benefits, and may have "flexible" scheduling where the employee is called in to work different computed selected shifts each week), and people who are working in offices earning good money.
In the middle you have some people working trades still.
We switched over from a manufacturing economy that made things and gave people stability and enough money to raise a family to a "service" economy, and then we started telling everyone working service jobs that "those jobs aren't real careers, so of course you are being treated and paid poorly!"
Per the US government's own BLS, the median household has >$1,000 leftover each month after all ordinary expenses. Americans may not save much but it isn't for lack of available income.