Exactly, and not everyone is in white collar high paying job. I have few friends that are in a saving vicious cycle, high rent and cost of living eat up saving

Exactly, and not everyone is in white collar high paying job. I have few friends that are in a saving vicious cycle, high rent and cost of living eat up saving so that they save little. This makes them resigned and depressed - so the spend money on stuff to make them happy. Having 25 yr old tell you that they will be able to afford a down-payment in 20 years is a telling sign.