ironically, preparing for such can also insure such
at least short term.
Don't get me wrong, people need to consider the near future probabilities as well as long term. For several decades we, Americans, have ignored planning for the future too often and too much. Some live paycheck to paycheck because it takes everything to get by. Others do it because they're not willing to wait for anything. Probably all of us have bought something sometime that cost more than we should have spent at that time. Too often the last 40 years people bought whatever whenever it struck their fancy, by any means available, even borrying to pay off loans.
It is true too that too much caution and fear will cause people to cut back so much the fear is self-fulling. Frugality can cause sales to decrease to the point that layoff occur, more people spend less, and spiraling begins.
That said, I can't fault anyone, indeed encourage people to try to save a little more. I've noticed the recommendation for emergency funds seems to have changed from 6 months income to 8 months lately by tv experts that supposely know more than you and I. Of course, they make their money because people believe they have the answer.
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