It's not hard to stay out of debt That may be true in your situation, but when you have long-term obligations like a mortgage and kids in school, you're a bit

It's not hard to stay out of debt That may be true in your situation, but when you have long-term obligations like a mortgage and kids in school, you're a bit less agile in your ability to respond to changing economic situations. If what you're suggesting is simply to not take on any long-term obligations that you don't absolutely know you can afford, that's a bit naive I think. For most people, being unable to work for a year will mean you either liquidate your life or you go into debt. Most people may not end up there, but according to your statement, everyone should live like they would.