From No Debt Plan:
So you used to make six figures? Great! Even in a high cost of living area you were pulling down a healthy amount of cash. Now wait a second, what did you spend that money on? Rent? An expensive home? New cars with financed loans?
How much of that income went into savings? How much of it went into a rainy day emergency fund? How many planned to be unemployed at some point in the future and prepared for that day?
While others have hurt, I’ve had tremendous personal success, and I’m preparing for the future. All with a bottom-30% income.
Who would the unemployed blame for that?