And it sure is difficult for folks to save when they are working their butts off to pay crazy rent/mortgage and sky high medical/dental so they can stay healthy to work...plus college and grad school loans that got them the low paying job in the first place (although they went to school to have an actual profession which would have covered these expenses but doesn't come close anymore) all in a city where there are some jobs but no affordable housing. If you can't afford your monthly bills, you can't save and you go deeper into the hole. This is the case for many with graduate degrees in the US.