>>the only way for an average person to be able to prepare for contingencies is to have a lot of savings. >>Boggles the mind. Why would it be Mind boggling?

>>the only way for an average person to be able to prepare for contingencies is to have a lot of savings. >>Boggles the mind. Why would it be Mind boggling? State funded social security schemes do not exist to make up for bad personal finance decisions. They are for circumstance when someone fails despite their best efforts. If they are used for the former, no amount of social cover will be enough, ever.