In my eyes it's a fine line based on risk management. It makes total sense to protect against probable disasters, accidents, and threats (power outages, burglaries, weather events, medical emergencies etc). Everyone can easily be convinced of this.
It makes some sense to put some resources toward protecting against outlier events (100 year storms, riots / widespread violence, great depression level financial instability etc). People can be convinced of this when it's explained in terms of opportunity cost.
It makes no sense to use resources towards protecting against incredibly improbable events. People that have fallback compounds, bunkers in their backyards, multiple years worth of food, and thousands of rounds of ammunition are literally throwing away money.
Extra credit for installing off-grid solar, and a water reclamation system that can be used for showers and toilet flushing. Both of which also have benefits during everyday life.
Story time: After Hurricane Fran came through Raleigh, I was driving on I-440 and was passing a long line of cars driving really slowly. When I get to the head of it, it turns out they were all following a Triangle Ice truck to it's next stop, so they could load up their coolers and preserve the contents of their refrigerators (the power still being out in parts of the city).