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You're pretty confident that you and/or your savings will live to take care of your parents. What if you get hit by a bus? Or lose your ability to work? Isn'
by exhilaration 11y ago
You're pretty confident that you and/or your savings will live to take care of your parents. What if you get hit by a bus? Or lose your ability to work? Isn't that what a social safety net is for?
- caskance 11y agoFor most of us with dependents, that's what private life insurance is for. The social safety net is for people too poor or irresponsible to have life insurance.
- jtuente 11y agoDo people not understand the safety part of the safety net? It's not there because you expect to fail, it's there for if you happen to. I don't keep a fire extinguisher in my kitchen because I expect to set it on fire, but rather I want to be able to stop a fire should one ignite. If you're reliant on a safety net, then you've failed at what you were trying to do.
- caskance 11y agoWhat does that have to do with what I said? Why do you think I mentioned life insurance?