It made me shake my head a bit and sadly wonder how people can live like that. I sincerely hope that they all are lucky enough to hold their jobs for decades, and/or have very generous pension plans that will tide them over in old age. Otherwise, they are in deep trouble.
But the article did not really surprise me at all.
After all, I know several people of modest means - not high earners at all -- who have managed to save and buy themselves a comfortable retirement -- even an early one.
And, by contrast, I know a couple, who made a combined income of more than $300K fifteen years ago, but faced ruin and homelessness in recent years due to their unwise and indulgent money habits.
The truth is, what a person makes in salary, wages, or earnings often has less to do with financial comfort or security than you’d think.