OP wasn't talking about an average family, but a single "decent programmer".
As for the median, I can't seem to find that statistic, but I would argue that it's actually a less accurate picture than the average.
[1]: http://www.cnsnews.com/news/article/abigail-wilkinson/pew-69... [2]: http://money.cnn.com/2014/06/11/news/economy/middle-class-we... [3]: https://www.theguardian.com/business/2014/nov/13/us-wealth-i...
http://www.mrmoneymustache.com/2013/02/22/getting-rich-from-...
You really think that's how most Americans live?
I try to work hard these days to pay off my mortgage early and save for retirement. Using my current savings and loosing one of my good years of income seems like something that should at least be mentioned.
Maybe this goes without saying, but the average family in North America lives well above their means. Rent to own furniture, a leased lexus for the wife and ginormous pickup truck for the office job husband, dinner and drinks out multiple times per week etc.
But none of your links actually back that up. If we're trading personal anecdotes, fine, but otherwise you're caricaturing the average family as struggling because of (I would guess based on your implication) stupidity and greed. This doesn't seem to match my experience of the "average" family, but it is common dog whistle language.
I'm not talking about the average family. I'm not about people on HN level jobs.
In fact, I wasn't talking about a family at all -- only singles or at most couples. A family makes it non practical for several reasons (though it still can be done).
I'm one of those "quit the job and traveled the world" types except I didn't travel the world, just did a healthy 6 month dose of travel but my friends and family look up to me like I did something they are completely incapable of and I might be because I had the self control not to have children and buy a home, go to bars regularly, eat out all the time, etc, etc.
I met tons of people who were doing the same with a lot less money then I had and they made the same sacrifices I did. Anyways, end rant. I agree debt is out of control and much of it designed but I also know people made a shitton of bad decisions with money.
You really don't understand how bad it is these days. The average family does not have $2,000 in savings, much less 5 to 10. In fact, [the average American household with debt owes an average of $130,922][1]. Over $15,000 of that is in credit card debt alone.
Being broke is actually doing pretty well nowadays. We live in a world built on debt, where the financial sector makes up over 30% of the economy and almost everyone is beholden to large banks. In a few decades, we'll be right back to feudal system, if things don't change.
[1]: http://www.fool.com/retirement/general/2016/05/08/the-averag...