The costs of daily living have gone up far higher than the average wage. Housing, in particular, is a horrifying gongshow of private equity, rapacious landlords, and multiple years long waiting lists for ‘affordable’ housing. And accidents happen. Natural disasters happen. American horror show healthcare happens. A person could save and invest wisely for decades, only to spend it all to replace the roof of their house after a hurricane or save the life of their pet. A lot is insurable, but not everything is.