I’m reading this thread and can see both sides.
if you are now old and following JW direction means you worked menial jobs to knock on doors then you may be really struggling now if you have no savings at all. I don’t think they ever gave direction to save money in the past like they are starting to give now.
on the other hand I read a brilliant book called Die with zero.
it basically says-
If you spend hours and hours of your life acquiring money and then die without spending all of that money, then you've needlessly wasted too many precious hours of your life. There is just no way to get those hours back. If you die with $1 million left, that's $1 million of experiences you didn't have. And if you die with $50,000 left, well, that's $50,000 of experiences you didn't have. No way is that optimal. The question we all must answer is how to make the most of our finite time on earth.BILL PERKINS