If a person has ability to save but his willing is not to save then he will not save
take an exampal middle class family whose income is is less than six lacs but they save at least 50,000 yearly for emergency or anything else
but a rich family does not save because they spend
spend on luxuries they don't deposit their money in banks
they save through compulsory taxes by government

Level of savings depends upon willingness to save.

Explanation:
Savings play a crucial role in an individual's financial stability and future planning. The level of savings varies from person to person and is dependent on several factors. Among these factors, the willingness to save is a key determinant.

1. Income:
The amount of income an individual earns directly impacts their ability to save. A higher income provides more room for savings. However, regardless of the income level, the willingness to save is essential. Even individuals with lower incomes can save a portion of their earnings if they prioritize savings and are willing to cut back on unnecessary expenses.

2. Financial Goals:
The level of savings is also influenced by an individual's financial goals. If someone has ambitious goals such as buying a house, starting a business, or retiring early, they will likely have a higher willingness to save. These individuals are more likely to prioritize saving and allocate a larger portion of their income towards savings.

3. Financial Discipline:
The willingness to save is closely related to an individual's financial discipline. Some people naturally have a strong inclination to save and are disciplined in their spending habits. They are more likely to resist impulsive buying decisions and prioritize saving for the future.

4. Attitude towards Risk:
The level of savings can also be influenced by an individual's attitude towards risk. If someone has a more risk-averse approach to their finances, they may have a higher willingness to save. They may prefer to have a larger emergency fund or savings buffer to mitigate any unforeseen financial challenges.

5. Financial Literacy:
Financial knowledge and awareness also impact the level of savings. Individuals who are well-informed about the importance of saving, investment options, and the power of compounding are more likely to have a higher willingness to save. They understand the long-term benefits of saving and are motivated to build a strong financial foundation.

In conclusion, the level of savings primarily depends on the individual's willingness to save. Factors such as income, financial goals, financial discipline, attitude towards risk, and financial literacy all contribute to this willingness. By cultivating a positive mindset towards savings and adopting good financial habits, individuals can gradually increase their level of savings and secure a better financial future.