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Health insurance too. Most people in the US are a handful of unlucky mutations away from bankruptcy. Money may not buy happiness, but it certainly buys hospital
by mattkrause 7y ago
Health insurance too. Most people in the US are a handful of unlucky mutations away from bankruptcy. Money may not buy happiness, but it certainly buys hospital care.
- lotsofpulp 7y agoYes, I wouldn’t feel economically secure unless I had 2 years worth of family out of pocket maximum saved up (somewhere between $10k and $30k depending how generous one’s employer is), on top of other emergency funds. Which, realistically, I know the middle 30% to 70% probably can’t afford since they earn too much for government assistance and earn too little to save. A baby on a gold level insurance plan in a high cost of living area recently cost me $5.5k, but that’s only because everything went well and we’re lucky to have a family oop max of $5.5k due to generosity of employer. If the oop max was higher, it probably would have cost around $8k or so. I can luckily comfortably afford it, but I have no idea how others with household income in the $70k to $150k range can afford to budget for it. They must be giving up niceties such as vacation funds or skimping on essential savings, handicapping the growth of their retirement funds.