Might be me Jack. We tried to get to a situation where if we lost our jobs we wouldn't have to get new ones that paid as much.
I worked in the finance industry and went though a period where people were losing their jobs left right and centre. Some couldn't afford to get new ones that paid any less because their income was spoken for and it was virtually impossible to find a similar job that paid the same elsewhere because they were shedding staff as well. They were on the verge of homelessness all the time.
I didn't say that people should have £1000s in the bank, more have financial commitments that don't eat up all their wages.