https://thehill.com/opinion/finance...veals-financial-irresponsibility-of-americans
Yep. It’s a lesson we’re using now to illustrate to our kids. When I graduated from Tech, I had an engineering degree and a job in hand. I had hardly any expenses - I didn’t buy anything. I rented a meager apartment, and slept on a mattress on the floor. I saved $500/month (a lot for back then) until I had nearly a year of expenses saved up, then I started buying things and living like a more normal person. We didn’t learn anything from the dot com explosion and the Great Recession. It’s likely we won’t learn anything this time either.
I think we did learn from the Great Recession, but did people have the means to create a rainy day fund?
Some did, some didn't. Many of those that didn't are among those that likely lost their jobs with immediate effect this past week.
As a whole, people suck at living within their means. I'm in real estate, I see it everyday. They can afford payments, as long as they have an income, but don't have two nickels to rub together when the **** hits the fan.I think we did learn from the Great Recession, but did people have the means to create a rainy day fund?
Some did, some didn't. Many of those that didn't are among those that likely lost their jobs with immediate effect this past week.
Nearly everyone has the ability. It’s all about priorities. Nearly 100% of children living in poverty have iPhones. Think about the monthly fees their families spend. Their parents have them too. You live with your parents, you share a place with roommates. Life is full of choices.
As a whole, people suck at living within their means. I'm in real estate, I see it everyday. They can afford payments, as long as they have an income, but don't have two nickels to rub together when the **** hits the fan.
China - 81,500 cases...population of 1.5 B
Italy - 59,000 cases...population of 60 M
USA - 35,000 cases...population of 327 M
I'm still trying to understand the response when compared to the math...
I would advise you that China's data is not real. So I would remove them from the equation.
Second, we are about 2 weeks behind Italy. Italy was at 35,000 cases just like 3 days ago. You just wait - we should be beyond 100,000 cases by the end of this week.
Italy issued a rule this weekend that anybody over the age of 60 will no longer get a ventilator. Too many of them die. They can use them for younger people that have a much better chance at recovery. So if you're older than 60 over there right now, you get put on drugs to help sedate you while you suffocate to death. In 1 single day they had just as many die from COVID-19 as they had from this season's flu across the entire Nov/Dec/Jan/Feb.
Quoting from an op-ed of NC health pros. I like the concise and straight-forward messaging.
Politicians and media need to decide:
1) Stick to this messaging/guidance; or....
2) Shut UP!
On behalf of our Board and Past Presidents, I would like to share this op-ed from six past NC State Health Directors, particularly lifting up the third point
If you’re not sick enough to need medical care, a positive COVID-19 test will not change what you or your doctor do. Anyone who has fever and signs of respiratory illness including cough should stay home until at least 7 days after the first day of illness AND until they have been without fever for three days and other symptoms are improving.
Three Steps to Slow COVID-19
With the cases of COVID-19 increasing across our state, and the images we are seeing from other countries, concerns about the potential impacts to North Carolina are high. At the same time, with so much information circulating, people can feel overwhelmed without a clear sense of how to best fight this pandemic. We have been fortunate in our state to have the leadership of Governor Roy Cooper, Department of Health and Human Services Secretary Dr. Mandy Cohen, and our State Health Director Dr. Betsey Tilson who have acted decisively to help protect our citizens during these challenging times.
As six former State Health Directors for North Carolina, we are speaking with one voice to urge each North Carolinian to take three critical steps to slow the spread of COVID-19. We acknowledge that for many, these recommendations may be more difficult to follow. Barriers like lack of health insurance and paid sick leave and limited telework options can create additional hardships for many families.
Step One: Join the #StayHome movement. Do your best to limit contact with others by only going out for food, medicines, to exercise, or to take care of essential concerns.
Step Two: Stay informed from reliable sources like www.ncdhhs.gov/coronavirus and www.cdc.gov. Listen to your public health leaders at the state, local and national levels and your health care providers.
Step Three: Don’t seek testing for COVID-19 if you have a mild illness. We know this recommendation may come as a surprise. However, the vast majority of people who get COVID-19 will have mild illness and recover at home. When people leave their home for testing, they could expose themselves to COVID-19 if they do not already have the infection. If they are infected, they can expose someone in the community, including people who are at high risk, or a health care worker. We need to reduce the chances for further spread and protect our health care system, so it is there when people need it most.
If you’re not sick enough to need medical care, a positive COVID-19 test will not change what you or your doctor do. Anyone who has fever and signs of respiratory illness including cough should stay home until at least 7 days after the first day of illness AND until they have been without fever for three days and other symptoms are improving. People who have been in close contact with an ill person are urged to stay home as much as possible and monitor themselves for signs of illness. During this phase of the outbreak, testing is most important for severely ill patients, health care workers, and persons in nursing homes and other vulnerable populations.
Testing also places significant strain on supplies like masks and gowns that we will need to meet the expected rise in COVID-19 patients requiring hospitalization. We have a deep gratitude to the health care workers, first responders, and public health workforce who are working around the clock to keep others well. We need to do our part by not adding to the overwhelming caseloads they are beginning to face by taking these three critical steps: stay home, stay informed, and seek medical care and testing only if you have significant symptoms.
The COVID-19 pandemic reminds us that we are all interconnected and that we must commit to actions that keep our communities healthy. Together we will make it through these challenging times and emerge stronger and more prepared.
This commentary was signed by former N.C. State Health Directors Robin Gary Cummings, MD, Leah Devlin, DDS, MPH, Jeff Engel, MD, Laura Gerald, MD, MPH, Ron Levine, MD, MPH and Hugh Tilson, MD, DrPH
It's not about how much you make, it's about how much you have once you've paid all of your expenses.No offense to anybody, but a family with stable jobs making $100k or whatever - they don’t need money like a family that used to make the same but are both now laid off.