We Don't Save... That's Not Good

The savings rate for 2006 hit a 74 year low , it went further into negative territory. I know that I am an extreme example , but if I did not have a 401 k, I would not have saved a dime and probably would have spent it all on action figures.I'm not the agnostic Dave Ramsey , but how do the credit card companies think they will get their money back if we have no money? I think we have to have set limits for credit according to income.