The parent comment mentioned North America. This is huge. Tech salaries in Europe are half what they are in NA. In India, they're like 1/4 to 1/3.
Saving is absolutely important, especially in such a layoff-ridden industry. You should really strive to get at least 6 months of living expenses into savings.
My company pays 10k a year for an Indian contractor, full time. I don't know what their agency pays them, but it can't be even 1/4 of a typical NA SWE salary. More like 1/12th.
Most of Europe has social security and reasonable health care. Cities even have working transit systems. Living costs are massively different. I expect the costs in India will also be.
Not that it means you'll be raking in a lot of surplus money, but that's also not directly tied to the size of your salary.
The parent comment mentioned North America. This is huge. Tech salaries in Europe are half what they are in NA. In India, they're like 1/4 to 1/3.
Saving is absolutely important, especially in such a layoff-ridden industry. You should really strive to get at least 6 months of living expenses into savings.