4 ms·

Fundamentally it's lack of time due to having to work 2+ gigs likely while juggling child care or elder care. People with money can pay people to do things for

by mLuby 9y ago

Fundamentally it's lack of time due to having to work 2+ gigs likely while juggling child care or elder care. People with money can pay people to do things for them, freeing up time. Even if they do it themselves, they likely have a more comfortable life so it's easier to devote an evening or a weekend to figuring out complicated medical/legal/financial scenarios.

Consultant32452 9y ago
Do you similarly feel that it's impossible for poor people to buy car insurance? Disability insurance is LESS complicated than that. Do you want the 50% of your current salary or 75% of your current salary option? That's it. Maybe you can pay a few extra bucks for a rider that increases your disability coverage each year as you get a raise. This is not complicated stuff and any insurance agent is going to be happy to walk you through it if you have questions.
- mLuby 9y ago
  Nobody's saying it's impossible or even difficult. But if I'm rushing from my shift at McDonald's to pick up my kid and drop them off at home with some dinner before heading to the late shift at Home Depot, I'm not going to be able to talk to an insurance agent who might very well be happy to walk me through it, let alone spend time actively thinking about what coverage I need.
  - Consultant32452 9y ago
    You dodged my first question. Apply the same thing to car insurance. Are poor people generally incapable of attaining the "expertise" to be able to purchase car insurance?
    - mLuby 9y ago
      Car insurance is much simpler than health insurance. Still, I expect most people without car insurance are poor, and the reason they don't have it is not simply a lack of money but also (and relatedly) a lack of time. Generally yes, poor people are less capable of gaining the "expertise" to do many things, because they are busy trying to stay alive. It's textbook hierarchy of needs. Noticed other replies; why the fixation on car insurance? I thought we were talking about structural impediments to poor people?
      - Consultant32452 9y ago
        This is the comment I'm responding to: >Consider how much time, energy, and expertise it takes even to research disability insurance and buy the appropriate product. This is in the context of a discussion about starting your own business. If you're on the tier of hierarchy of needs where you're struggling for food, then sure, maybe you shouldn't be starting your own business at this point. However, if you have the intellectual capacity to buy car insurance, and also are in a position to be starting your own business, you almost certainly have the cognitive ability to purchase disability insurance.
- adamsea 9y ago
  Poverty impedes cognitive functioning: https://www.frontiersin.org/articles/10.3389/fpsyg.2015.01037/full https://www.frontiersin.org/articles/10.3389/fpsyg.2015.0103... i.e., being poor is harder than it looks ...
  - Consultant32452 9y ago
    Poor people seem perfectly capable of buying car insurance as evidenced by the fact that millions of poor people have car insurance. What makes you think that purchasing disability insurance is so much more difficult?
    - dragonwriter 9y ago
      They are certainly capable of buying it (at least, when regulation means that it is something you often are compelled and assisted to do before taking a newly-purchased car home, and reminded you must do under penalty of law when registering a car, and actually cited for if you fail to do it and are pulled over driving a car—which is a whole lot of pressure taken together), and many do; whether they are capable of making good decisions and weighing alternatives in that process is...unsupported by the evidence you've cited, as is the question of how this is germane to disability insurance absent a similar regulatory environment.
      - Consultant32452 9y ago
        This discussion started out with me saying that you can start your own business even without another person in the house backing you up financially. Somehow we've gotten from there to a point where you're suggesting that a poor person who is somehow capable of starting their own small business is, by the very nature of being poor, fundamentally incapable of making a good decision regarding disability insurance options. And it is because of this fundamental lack of cognitive ability that we need a regulatory environment demanding that the business owner (who is themself) must purchase disability insurance on their behalf? I'm sorry, but you've just gotten to the point of nonsense.

by mLuby 9y ago

Consultant32452 9y ago

Do you similarly feel that it's impossible for poor people to buy car insurance? Disability insurance is LESS complicated than that. Do you want the 50% of your current salary or 75% of your current salary option? That's it. Maybe you can pay a few extra bucks for a rider that increases your disability coverage each year as you get a raise. This is not complicated stuff and any insurance agent is going to be happy to walk you through it if you have questions.

mLuby 9y ago
Nobody's saying it's impossible or even difficult. But if I'm rushing from my shift at McDonald's to pick up my kid and drop them off at home with some dinner before heading to the late shift at Home Depot, I'm not going to be able to talk to an insurance agent who might very well be happy to walk me through it, let alone spend time actively thinking about what coverage I need.
- Consultant32452 9y ago
  You dodged my first question. Apply the same thing to car insurance. Are poor people generally incapable of attaining the "expertise" to be able to purchase car insurance?
  - mLuby 9y ago
    Car insurance is much simpler than health insurance. Still, I expect most people without car insurance are poor, and the reason they don't have it is not simply a lack of money but also (and relatedly) a lack of time. Generally yes, poor people are less capable of gaining the "expertise" to do many things, because they are busy trying to stay alive. It's textbook hierarchy of needs. Noticed other replies; why the fixation on car insurance? I thought we were talking about structural impediments to poor people?
    - Consultant32452 9y ago
      This is the comment I'm responding to: >Consider how much time, energy, and expertise it takes even to research disability insurance and buy the appropriate product. This is in the context of a discussion about starting your own business. If you're on the tier of hierarchy of needs where you're struggling for food, then sure, maybe you shouldn't be starting your own business at this point. However, if you have the intellectual capacity to buy car insurance, and also are in a position to be starting your own business, you almost certainly have the cognitive ability to purchase disability insurance.
adamsea 9y ago
Poverty impedes cognitive functioning: https://www.frontiersin.org/articles/10.3389/fpsyg.2015.01037/full https://www.frontiersin.org/articles/10.3389/fpsyg.2015.0103... i.e., being poor is harder than it looks ...
- Consultant32452 9y ago
  Poor people seem perfectly capable of buying car insurance as evidenced by the fact that millions of poor people have car insurance. What makes you think that purchasing disability insurance is so much more difficult?
  - dragonwriter 9y ago
    They are certainly capable of buying it (at least, when regulation means that it is something you often are compelled and assisted to do before taking a newly-purchased car home, and reminded you must do under penalty of law when registering a car, and actually cited for if you fail to do it and are pulled over driving a car—which is a whole lot of pressure taken together), and many do; whether they are capable of making good decisions and weighing alternatives in that process is...unsupported by the evidence you've cited, as is the question of how this is germane to disability insurance absent a similar regulatory environment.
    - Consultant32452 9y ago
      This discussion started out with me saying that you can start your own business even without another person in the house backing you up financially. Somehow we've gotten from there to a point where you're suggesting that a poor person who is somehow capable of starting their own small business is, by the very nature of being poor, fundamentally incapable of making a good decision regarding disability insurance options. And it is because of this fundamental lack of cognitive ability that we need a regulatory environment demanding that the business owner (who is themself) must purchase disability insurance on their behalf? I'm sorry, but you've just gotten to the point of nonsense.