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Depends on your definition of those two things. Many people in developing countries have less than $1,000 in monetary/material assets, but have plenty of free

Depends on your definition of those two things. Many people in developing countries have less than $1,000 in monetary/material assets, but have plenty of free time and a decent level of security. They may not have the nicest house in the nicest location (a tin or concrete square box on a dirt road in a rural location with no jobs), but they are not in any immediate danger in terms of crime or disease. Another way to create this by proxy in the US is by living in a camper van or large car or perhaps a cheap used RV and parking in one of the millions of free locations we have in the USA (BLM land, national forests, street parking, private land negotiated with a friendly owner). But if you were wondering like, you know, where can I get a free house with no property taxes in a nice city neighborhood with free health insurance, I'm afraid it doesn't exist unless you are the child of a rich and loving parent.

nopinsight 8y ago
> Many people in developing countries have less than $1,000 in monetary/material assets, but have plenty of free time and a decent level of security. As someone with fairly deep knowledge about such a country, many poorer people tend to have no security when they get older or if they get a severe accident. On average, they have little or no savings and often significant debt. Having kids is their insurance against the future, but it is like playing roulette since many/most young people do not earn enough to support their parents (or even live comfortably themselves). If they wish to raise their kids well, while not having much education themselves, they need to work really hard, not unlike two- or three-jobbers in the States. Otherwise, their kids will have bad education and often need to work minimum wage or only a bit better as an adult. Free time, yes but only for those who don't prepare much for the future. Security, not really. (Check out statistics of working hours in developing vs developed countries. People in developing countries often work harder and earn less even in PPP terms.)
- anoncoward111 8y ago
  Online jobs are increasing at a very rapid pace and people in developing countries will have more and more opportunities to make real wages without injuring themselves. I spent many months in developing countries too, and I currently live in the USA in my car on like $7,000 a year all in. Btw, US salaries are dropping/leveling off because of all the increasing work that is able to be performed abroad. I applaud this :) And as for having kids as an insurance policy for an accident, my gf and I have already decided that we would never subject someone to such imprisonment. We escaped similar situations ourselves, where our parents feel like they own us because they birthed us. Die when you die; when you die, you're gonna die

nopinsight 8y ago

> Many people in developing countries have less than $1,000 in monetary/material assets, but have plenty of free time and a decent level of security. As someone with fairly deep knowledge about such a country, many poorer people tend to have no security when they get older or if they get a severe accident. On average, they have little or no savings and often significant debt. Having kids is their insurance against the future, but it is like playing roulette since many/most young people do not earn enough to support their parents (or even live comfortably themselves). If they wish to raise their kids well, while not having much education themselves, they need to work really hard, not unlike two- or three-jobbers in the States. Otherwise, their kids will have bad education and often need to work minimum wage or only a bit better as an adult. Free time, yes but only for those who don't prepare much for the future. Security, not really. (Check out statistics of working hours in developing vs developed countries. People in developing countries often work harder and earn less even in PPP terms.)

anoncoward111 8y ago
Online jobs are increasing at a very rapid pace and people in developing countries will have more and more opportunities to make real wages without injuring themselves. I spent many months in developing countries too, and I currently live in the USA in my car on like $7,000 a year all in. Btw, US salaries are dropping/leveling off because of all the increasing work that is able to be performed abroad. I applaud this :) And as for having kids as an insurance policy for an accident, my gf and I have already decided that we would never subject someone to such imprisonment. We escaped similar situations ourselves, where our parents feel like they own us because they birthed us. Die when you die; when you die, you're gonna die