I’m a personal finance nut and it took me nearly a decade to establish a $10,000 emergency fund. I was saving for retirement along the way and had a much higher cash balance at times, but life just happens. In the span of 4 years, I got married, bought a home, had a kid, and paid cash for a used car. On top of that, my wife had an $800/month student loan payment for 10 years. Having graduated in the middle of the last recession, it took longer than expected for our careers to gain traction, but I think we finally felt financially secure around age 32. It’s much easier to save now that our expenses have leveled off and we continue to receive modest raises each year. Despite being a big personal responsibility advocate, I’m willing to cut everyone some slack. This is a true black swan event.