There is frugality based on necessity and there is frugality based on considering it a positive character trait. When necessity is dominant, the other kind of f

There is frugality based on necessity and there is frugality based on considering it a positive character trait. When necessity is dominant, the other kind of frugality rarely happens. The former quickly breaks down in presence of money, but it is a great enabler for financial risk-taking. ("worst thing that can happen is that I have to go back to ramen", call it scalability of personal finances, if you like). The latter is quite the opposite, it seeks financial peace of mind and will take stability over opportunity any time. People with this mindset will tend to find the solid, but not stellar pay scale of science rather attractive. Self selection happens.