Maybe I read the article too fast but I didn’t get that takeaway at all?

It’s basically just saying that the uninsured catastrophic event risk in America magnifies shock events.

E.g., if you have a major hospital visit in America you’re way more likely to regret not saving enough, but in Singapore there’s basically no effect since hospital stays don’t drain your savings account.

That’s what I also got from this article

Not just healthcare stuff, but also apparently Singaporeans tend to have a lower unemployment rate, so they be able to recover from stuff faster