&gt; Moreover, I don&#x27;t think this article is actually talking about people who do save but just choose to save into high-return assets. I save 80-90% of my income, but it all goes into index funds. Does that mean I am not &quot;a saver?&quot;<p>Not at all. This article is about people who aren&#x27;t saving because they don&#x27;t think its necessary or because they can&#x27;t afford to.<p>An emergency fund IS NOT an investment. It is insurance; treat it as such.