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Reply to "Well paid government employees who can't afford a one or two week shutdown "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]People without adequate emergency funds simply spend too much relative to their incomes. Failing to constrain spending to an appropriate level is the problem. No matter how little you make, you have to spend less than that on housing, cars, vacations, kids' activities, recreation, etc. It's not complicated, but it requires discipline. And for those who argue they have uninsured medical expenses which excuse a lack of savings, no that is no excuse - you, too, can spend less on housing, on cars, etc. You may want a shorter commute, or a nicer place to live, or a nicer car, or a vacation, but you can only afford what your income allows relative to your expenses. Failing to save for your future and for emergencies is simply a choice, not something imposed on you by a cruel world. [/quote] Feel better? Hope you or your family don't get cancer and lose your health insurance. [/quote] There's ACA, although if it's up to the Rs, they would gut it. Then you'd really be up sh(t creek. But, Op's scenario isn't this. They are talking about people being furloughed who are still living like they aren't furloughed even as they lament that they have no emergency savings. Also, the majority of people don't have cancer early on in their careers. I told my kid to save a lot early on because you don't know what will happen in the future. I've been through two layoffs, once one year out of college. It sucked. There is no such thing as job security these days, so yea, mot people with decent paying jobs should be saving at least 8 months of emergency living expenses.[/quote] They don't have to gut it. They can just take away the subsidies and make it unaffordable to many. [/quote] That's essentially gutting it. If too many people drop out of ACA due to costs, those left will end up with sky high premiums, which will in turn, make even more drop out. In effect, there will be so few people on ACA that it will essentially be gutted.[/quote] Pp here. I agree. [/quote]
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