You are viewing a single comment's thread from:
RE: The Writing is on the Wall. The Canary is Dead. What are We to Do?
I've made a conscious effort to not ratchet up my expectations and lifestyle over the decades. Even without a market collapse, within a lifetime other more personal issues come up -- illness in the family, job losses, or even opportunities that require setting aside other plans. So, personal resiliency is one thing I would add to your interesting list.
Yes I agree that in general and Americans specifically tend to live by the seat of their pants and from check to check compared to 100 years ago even if they bring in $250k a year. The belief there is always a safety net seems to pervasive.
And as families are smaller and spread out over long distances, it's hard for them to be the safety net they once were. So building up our own social networks, local and distant, are important, too.