I was referring to the software developers working at Amazon (much like the article). I was comparing making mortgage payments on an $800k house to making margin calls on an $800k short sale.
To be fair, most of the low paid people I know could also save. This is pretty obvious to me by comparing the lifestyle of my Indian friends and my American friends. Somehow the Indians earn far less but manage to save massively (hint: they consume less).
The main exception might be Americans in the $0-20k/year of consumption category, since big chunks of their "income" are non-market income. But that kind of makes the question of whether to quit moot...
To be fair, most of the low paid people I know could also save. This is pretty obvious to me by comparing the lifestyle of my Indian friends and my American friends. Somehow the Indians earn far less but manage to save massively (hint: they consume less).
The main exception might be Americans in the $0-20k/year of consumption category, since big chunks of their "income" are non-market income. But that kind of makes the question of whether to quit moot...