I'm confused about the quote, because the numbers do not add up to me. Elsewhere in the discussion SV apartments are quoted at $3500/month. When I rent, utilities tend to be under $100, and groceries are about $400. Let's be generous and say "utilities and groceries" are $1000. So "rent, utilities and groceries" are $4500/month, at total federal + CA state tax rate of 40% (estimating high), that means $90k/year to break even. I'm not sure what Ms. Gan filtered via the reporter thinks "consum[ing] nearly everything that comes in" means, but lets say 80% of income that's $112k, although that would still be a $20k/yr surplus (and a 5 month cushion). So there's quite a lot of room "earning below $200,000" and financial distress. If the article meant "less than $100k" I could believe it. Or perhaps Ms. Gan's friends' "rent, utilities and groceries" comprises more things than it literally means?