Anyone who has no income, and relies on savings, is acutely aware that printing money risks inflation, and that inflation will destroy their savings.
My savings are mainly real estate, which inflates too; so I have some protection. But if inflation gets wild, the property bubble bursts. There's no fail-safe way to inflation-proof savings; when governments implement policies that they know will increase inflation, they are deliberately robbing pensioners, who can't protect themselves.