> The article assumes that everyone has a lot of savings No it didn't. The article just gave an example of one financial situation (income + savings) and examp

> The article assumes that everyone has a lot of savings No it didn't. The article just gave an example of one financial situation (income + savings) and examples of potential loss events, and showed how to reason through that. It didn't assume that example applied to everyone. The article is written according to basic principles in a way that it's pretty easy to apply it to other examples or in fact your own financial situation.