Lets do some more math. Lets fix that figure to something like $600/month. That is $7200/year. Over a decade that is $72,000.
Say if you started when you were 21. By the time you are 46- just the savings would be $180,000. Progressively invest that in a good fund. That could mean a home right there or a 401k equivalent, Just on your travel expenses. To me, that's a decent nest egg.
I don't believe the parent poster was serious when he said he'd like to spend it all because he refused to believe he would be alive in a few decades. In most cases the person would generally be alive, live long, and be poor in old age. What follows next is blaming government, youngsters, immigrants, bankers and what not for your predicament while very clearly it was your choices at work all the time.
Now don't tell me spending extra time on commute is hard. Obviously it is, you don't get to an extra 401k by 46 by walking in the park.