I'm assuming you live in a place with an egregious cost of living, which is not the majority of America. My family has never made more than 70k in a good year, yet lives comfortably in a home bought 15 years ago in the Dallas/Fort Worth area.

The vast majority of the population is not struggling. Too many are, but that doesn't mean they make up the majority.

You're not alone there. America's fragile social safety nets and minimal workers' rights mean we're all one bad day away from being in your position.

• Chemo can cost $50k, and FMLA exists (somehow) but only covers 3 months. A cancer diagnosis could easily wipe out six figures of savings.
• Most employers require prompt attendance, so a car crash that leaves you dependent on America's crumbling public transit systems will likely lead to losing your job.
• The GOP is trying to kill off Social Security, so if you ever want to retire, you might have to save twice as much as what's traditionally advised.
• With climate change being what it is, losing your house to a hurricane or wildfire is a much bigger threat than it used to be.
• Economic swings, downsizing, and "k-shaped recoveries" can make jobs vanish or become unsustainable without warning.

Even for the top 10%, saving for these contingencies typically precludes a wealthy lifestyle, particularly for younger people with fewer savings. There's now an entire demographic of (mostly millenial) Americans with traditionally high-paying jobs who still live at or below middle-class aspirations due to saving: HENRY, or High Earner, Not Rich Yet.