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Comment by sidlls | Hacker News Reader

Typical cash plus equity for an experienced engineer is going to top $300k/yr at the low end. Millions might be an exaggeration, but it's certainly trivial to save well north of $1M in a decade on that salary, barring misfortune like a health incident.

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The argument was that if you're capable of saving that much, you're going to have a hard time spending it in only a few years, especially if you're not working.

>barring misfortune like a health incident.

Here is a reminder to everyone that a health incident is only a financial misfortune in the US.

If a health incident makes you unable to work, that's a financial issue in much of the world.

Not being able to work is one thing.

Not being able to work and have hundreds of thousands of dollars of debt because of it is a whole other situation

> that's a financial issue in much of the world.

Well, unless they have a pension. Which about half the countries in the world seems to provide, at least for government jobs.

There often are in the US as well for government jobs. But they usually depend on a significant number of years of tenure and defined benefit plans are pretty rare at this point for private employers. (Which isn't even necessarily a bad thing unless you think retirement benefits should be heavily tied to decades of employment with a single company.)

It's not just being unable to work, it's about all savings: "66.5 percent of all bankruptcies were tied to medical issues"

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