&gt; You&#x27;re exactly the kind of person this article is pointing out, because your ability to be wiped away by the market is a precarious position to be in.<p>Any scenario where the stock market declines by 99% ($100k to $1k) would basically mean the collapse of the entire financial system. I doubt your bank savings account would be very useful in that scenario.<p>Moreover, I don&#x27;t think this article is actually talking about people who <i>do</i> 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;