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Your son having diabetes is not the same as say you getting an illness that prevents you from working. Or an illness for a child that requires more attention, m

Your son having diabetes is not the same as say you getting an illness that prevents you from working. Or an illness for a child that requires more attention, maybe round the clock care. And if you work for minimum wage AND you have a child with diabetes its a very different story. Most of the people hanging around HN are technology related, some of us have a tendency to be a little egocentric. To compare your situation, having a child with a chronic but very manageable condition (diabetes) as opposed to say severe autism. I was just reading a story on NPR about a couple, where the husband is a programmer making 100K, and they have 2 autistic children. They don't have furniture in their house. They've declared bankruptcy. They have tons of medical bills. https://www.npr.org/2017/12/03/567602293/what-living-on-100-000-a-year-looks-like https://www.npr.org/2017/12/03/567602293/what-living-on-100-...

GiorgioG 9y ago
credit card / student debt is a huge issue across the board in the US. Frankly you can live just about anywhere in the US on 100k if you have no debt. I read somewhere a while back that 67% of americans have less than $1000 in their checking account. That just blew my mind. But they're all walking around with iPhones and shiny new cars. We've been fortunate to pay off our student loans and made the conscious decision when we first got married that if we didn't have the cash, we weren't going to borrow cash from our future selves to pay for it (with credit cards.) This by far has been the best decision we've ever made. We have a reasonable amount of money in the bank (no matter the number it's never enough) and the only debt we owe is the mortgage on the house. Student loans are a bigger issue for the up & coming generations. 17 year old american kids are not equipped to understand the implications of taking on $80,000+ in loans for a college education. We've put money away for the kids' college, but it won't be enough to cover their entire education unless they go to a public university. It's crazy to think that most parents don't steer their kids towards well-paying university majors. The worst case scenario happens far too often, for example: a kid majors in a generic degree like "communications" or "english" in exchange for $80,000 and their first job (if they're lucky to get one in their field!) pays them a pittance.
- grasshopperpurp 9y ago
  >We have a reasonable amount of money in the bank (no matter the number it's never enough) and the only debt we owe is the mortgage on the house. This is an extremely unhealthy perspective.
  - GiorgioG 9y ago
    > This is an extremely unhealthy perspective. Well, consider that I am not what I would consider "rich" (this is not a complaint!) The number would have to be $2m+ for it to be "enough" in the event I couldn't provide for my family - enough to more or less guarantee that the kids are old enough to take care of themselves (15-20 years worth.) Given that it's highly unlikely that I will reach $2m+ in my lifetime, the number will never be enough ;)
    - grasshopperpurp 9y ago
      Ah, I understand. I thought you were speaking in more general terms. You want security. Everyone does, and I think everyone should have it. The idea that some people aren't good enough or haven't worked hard enough to have a place to stay, food to eat, and medical treatment they need is - to me - inhumane. America is, as a nation, inhumane. Once someone has reached financial security, money can no longer improve his/her happiness - except in short bursts. Understanding that, I can't imagine why anyone would ever need more than 50M (which is still way more than anyone would ever need). For me, it's embarrassing to live in a country where some have tens of billions while others scrape by - and some fail to do even that.

GiorgioG 9y ago

credit card / student debt is a huge issue across the board in the US. Frankly you can live just about anywhere in the US on 100k if you have no debt. I read somewhere a while back that 67% of americans have less than $1000 in their checking account. That just blew my mind. But they're all walking around with iPhones and shiny new cars. We've been fortunate to pay off our student loans and made the conscious decision when we first got married that if we didn't have the cash, we weren't going to borrow cash from our future selves to pay for it (with credit cards.) This by far has been the best decision we've ever made. We have a reasonable amount of money in the bank (no matter the number it's never enough) and the only debt we owe is the mortgage on the house. Student loans are a bigger issue for the up & coming generations. 17 year old american kids are not equipped to understand the implications of taking on $80,000+ in loans for a college education. We've put money away for the kids' college, but it won't be enough to cover their entire education unless they go to a public university. It's crazy to think that most parents don't steer their kids towards well-paying university majors. The worst case scenario happens far too often, for example: a kid majors in a generic degree like "communications" or "english" in exchange for $80,000 and their first job (if they're lucky to get one in their field!) pays them a pittance.

grasshopperpurp 9y ago
>We have a reasonable amount of money in the bank (no matter the number it's never enough) and the only debt we owe is the mortgage on the house. This is an extremely unhealthy perspective.
- GiorgioG 9y ago
  > This is an extremely unhealthy perspective. Well, consider that I am not what I would consider "rich" (this is not a complaint!) The number would have to be $2m+ for it to be "enough" in the event I couldn't provide for my family - enough to more or less guarantee that the kids are old enough to take care of themselves (15-20 years worth.) Given that it's highly unlikely that I will reach $2m+ in my lifetime, the number will never be enough ;)
  - grasshopperpurp 9y ago
    Ah, I understand. I thought you were speaking in more general terms. You want security. Everyone does, and I think everyone should have it. The idea that some people aren't good enough or haven't worked hard enough to have a place to stay, food to eat, and medical treatment they need is - to me - inhumane. America is, as a nation, inhumane. Once someone has reached financial security, money can no longer improve his/her happiness - except in short bursts. Understanding that, I can't imagine why anyone would ever need more than 50M (which is still way more than anyone would ever need). For me, it's embarrassing to live in a country where some have tens of billions while others scrape by - and some fail to do even that.