[Nitramp]

I think this is a reasonable observation, but in certain high cost of living areas, and if you're willing to leave to save money in case of trouble, the math is slightly different.

E.g. in SF, you'll pay $3500+ for housing, and salaries are largely adjusted for that level of expense. But your savings are "future money", and you can choose where to spend that. Saving $300 a month, $4k a year, can add up to sums that are significant in a lower cost of living area.