Why are you assuming every white collar worker has got an inflated salary, or that they’ve had it for a while?
And actually no, I can’t afford to be unemployed for a year. On COVIDs cost of living it would have been easy. But the current cost of living I’m not able to save even with my “inflated” salary. And the savings I do have isn’t going to stretch as far.
I honestly don’t know how people save on lower incomes. I suspect they don’t. Which is why the debt crisis keeps worsening.
I’m lucky enough to have assets but once they’re sold they’re gone. And most people don’t even have that luxury.
And actually no, I can’t afford to be unemployed for a year. On COVIDs cost of living it would have been easy. But the current cost of living I’m not able to save even with my “inflated” salary. And the savings I do have isn’t going to stretch as far.
I honestly don’t know how people save on lower incomes. I suspect they don’t. Which is why the debt crisis keeps worsening.
I’m lucky enough to have assets but once they’re sold they’re gone. And most people don’t even have that luxury.