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> 56% of Americans cannot cover a $1000 emergency expense. Insurance absolutely is a lifeline that most people need to avoid financial ruin. If you can't muste
by stonesthrowaway 2y ago
> 56% of Americans cannot cover a $1000 emergency expense. Insurance absolutely is a lifeline that most people need to avoid financial ruin.
If you can't muster $1000, then you are in financial ruin. Insurance is pointless for these people.
- wakawaka28 2y agoIndeed. Those people have real imminent problems to prepare for above and beyond hypothetical ones that insurance is for. Except for legally required insurance I think they probably shouldn't get insurance, and instead dedicate their resources to being healthy and improving their finances.