20 percent for savings? Get real, a lot of people don’t (or can’t) save any money. The smart ones do save their money, but many people are living beyond their means and have nothing in the bank. Especially if much of their money is going for rent alone. What’s left gets spent on food and booze.
Yeah, I’m thinking “Savings” here is really a euphemism for “Starbucks, lottery tickets, those really cute shoews, the occasional joint, or whatever else trips our trigger at the moment”.