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Resilience is unnecessary in countries with a safety net. Are individuals in those countries who make the rational decision to save less somehow worse off than
by scatters 6y ago
Resilience is unnecessary in countries with a safety net. Are individuals in those countries who make the rational decision to save less somehow worse off than those who have to carry a large savings buffer to guard against misfortune?
- Polylactic_acid 6y ago>Resilience is unnecessary in countries with a safety net Not entirely. Having a safety net might be the difference between having a home/food and being on the street but having savings and a safety net allows you to live your previous comfortable life while not working. If you have a healthy savings then you can afford to willingly leave your current job and have some time to yourself while you look for a better job.
- im3w1l 6y agoSafety net usually come with caveats. Foodstamps are as their name suggests not general purpose dollars. Sometimes you have to perform tasks you don't want to do to benefit from the safety net. Your own money can be used for whatever you want and no need to beg and justify before a government employee.