Most Americans don’t have enough assets to withstand 3 months without income

Re:Most Americans don’t have enough assets to withstand 3 mo... by kube-system on Friday August 07, 2020 @12:02AM (#24078115)

Negative cashflow doesn’t cause immediate death. Many (most?) people who suddenly lose income have a a negative cashflow in the immediate term (especially in consumerist societies) — many expenses take time to adjust. And people generally aren’t planning to be on unemployment for the long term anyway.

[ Parent | on HN ]

Re:Most Americans don’t have enough assets to withstand 3 mo... by guerrilla on Friday August 07, 2020 @12:56AM (#24078486)

To not be catastrophic does not necessitate being good or even acceptable. Our systems of insurance can treat people better and we should want this because any of us can end up in that situation due to unforseen and even unforseeable events.

[ Parent | on HN ]