Everyone just stop it! If, in some twisted sort of way, redefining "wealth" or "net worth" as "savings" makes you feel better about the world and your own lot in life, then go ahead and do it - just do it in private.
Whatever gets you through the day.
But, please, stop sharing your rationalizations with the rest of us who prefer to continue believing that "savings" (as either a verb or a noun) is not something that can come and go as quickly as a subprime lender.
Call it old fashioned if you want, but, just leave the word "savings" alone. Please.
Click the link. And enjoy. It's about time someone started to mention this on a regular basis.