Sunday Scribblings #144
Richer or Poorer.
So many images are invoked by those two simple words.
Richer.
Poorer.
I wonder how many people reflect on those words spoken at their weddings and think “OK God, I was great with rich, didn’t really think we would have to deal with poorer.” After all, this is America we don’t do poor.
And, by the rest of the world standard we aren’t poor, not a single one of us; however, when we are busy keeping up with the Jones’ the American version of poor can bite you square in the rear end. The number of people having to declare personal bankruptcy is growing by the day. The ones who wanted so desperately to live a life they could not afford is now costing them greatly.
My grandparents generation didn’t use credit. They only borrowed money for their house. My grandparents paid cash for every car they ever bought. WOW.
My generation…
Well, we finance everything-even our toilet paper (for those of us who have used a credit card to buy groceries). Some of us think as along as they keep sending offers for credit cards, my credit is fine. Only to realize 6 months later that the bills are coming and they cost us more than we make.
I am so very thankful to be married to a fiscally minded spouse. We have only been married a little over a year and we have cleared out all our debt except for the car and our house. We have contingency plans for if something should go wrong.
But, I worry about my friends and other people of my generation-we have never had to want for anything and this current economic “correction” has many of them running scared. After all, the last time there was a recession, we were children.
I certainly do not want to wish poorer on anyone because-well, I just don’t think many of us have the grit that past generations have had. I don’t think many of us (myself included) could live through a depression. Heck, many of us, wouldn’t know the first thing about being truly self sufficient.
Which one would teach us the most?
Richer.
Poorer.
Hard lessons to learn.
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