According to research cited in a WSJ blog, nearly half of us (Americans) are "financially fragile." Curious that eggheads have to undertake a study to verify this. The respondents were asked if they'd have trouble ponying up $2,000 in 30 days -- the amount representing a major car repair, such as transmission replacement, or some other unforeseen emergency: medical, legal, home repair, or addiction. (OK, so I threw in the last one; it's not crazily unrealistic, though, is it?)
A few qualifiers:
-- 2009 data were used
-- US respondents were not nearly as financially fragile as those in other countries
The results certainly don't shock me. While I have only consulted the article, and not the study itself, I'd have to muse:
-- Can I borrow to come up with the $2,000?
-- Can I tap into 401k or other money set aside for retirement?
-- Must I resort to legal means?
-- Does reckless gambling count as an option?
-- 30 days? ARE YOU KIDDING? Like the transmission guy or the dentist or the lawyer or the mortgage company is going to just spot you 30 days, just like that? HAHAHAHAHAHAHA. (I'm making sure I can come up with $60 cold cash for lawnmower repair tomorrow.)
Folks, it's 2011. Let's hope the "financial fragility" ratios have improved, rapturously.
Talk about AlbatrossDreams.
Showing posts with label Francis of Assisi. Show all posts
Showing posts with label Francis of Assisi. Show all posts
Monday, May 23, 2011
Wednesday, January 03, 2007
Freegonomics: Food for Thought -- and Word Blenders
As you know, I like wordplay. The title of my blog declares it. (Of course, laughorist is a blend of laugh + aphorist.) So, when I read an online piece today about some folks in the San Francisco area who succeeded in complying with their vow not to shop for a year (with some exceptions), I was all set to declare myself as the inventor of the blended neologism "freegonomics."
Read on.
The news story made reference to so-called freegans, people who advocate minimal consumption -- with some going so far as to eat out of Dumpsters. (Please note: the former newspaper copy editor in me warns you that Dumpster is a brand name and should be capitalized when you read it in print or online.) The word freegan itself, of course, is a linguistic blend of free + vegan. (Turns out that some freegans are meagans, because they allow themselves to eat meat.)
Well, I cannot claim to have coined the term freegonomics (the link here to the word is actually a thought-provoking essay by columnist Lucy Siegle in The Observer back in February 2006). A simple search of "freegonomics" indicates that several others already beat me to it, by months if not years.
Even if I did not coin the term, I feel the concept raises issues worth considering. When I was in college, during the Vietnam War, I remember a philosophy professor, John McNeill, challenging our class at LeMoyne College with respect to those who protested the war. He said something like this:
"A Franciscan movement could end this war in 90 days. But you can't do it. If everyone from, say, the ages of 15 to 30 disciplined themselves to the point of buying only necessary goods, you would be able to get anything you want from the government in no time. The economic effect would be huge, and you would be able to stop the war. But you don't have that ability to sacrifice."
Something like that. And I suspected then, and now, he was right.
There's little doubt that consumption (is "overconsumption" a redundancy about redundancies?) in capitalist (well, in all societies) involves abuse, destruction, waste, and greed.
But couldn't the same be said ever since Adam and Eve (easy on those apples, kids)?
I don't disagree that we (we in the U.S. and the so-called developed nations, as well as we who pollute the air and foul the rivers of a booming China) are ravaging the planet. But on a macroeconomic level, if "we" all were to cut back even to a sensible minimum of consumption (a sensible minimum, however you define it), does that impoverish thousands, if not millions, of suddenly jobless people?
I am neither a microeconomist nor a macroeconomist. I tend to be quite frugal (some would say cheapskate). I am not an extravagant buyer. When clothes are given to me as gifts, I feel sheepish (well, that's true for anything made of wool - HAHAHAHA).
I don't know what to conclude about any of this.
Just some food for thought.
And, speaking of word blenders, as opposed to food blenders, even Wikipedia (the source of many definitions above) is a blend of wiki (Hawaiian for fast) + encyclopedia.
You can look it up.
Laugh. Or....
Else.
Read on.
The news story made reference to so-called freegans, people who advocate minimal consumption -- with some going so far as to eat out of Dumpsters. (Please note: the former newspaper copy editor in me warns you that Dumpster is a brand name and should be capitalized when you read it in print or online.) The word freegan itself, of course, is a linguistic blend of free + vegan. (Turns out that some freegans are meagans, because they allow themselves to eat meat.)
Well, I cannot claim to have coined the term freegonomics (the link here to the word is actually a thought-provoking essay by columnist Lucy Siegle in The Observer back in February 2006). A simple search of "freegonomics" indicates that several others already beat me to it, by months if not years.
Even if I did not coin the term, I feel the concept raises issues worth considering. When I was in college, during the Vietnam War, I remember a philosophy professor, John McNeill, challenging our class at LeMoyne College with respect to those who protested the war. He said something like this:
"A Franciscan movement could end this war in 90 days. But you can't do it. If everyone from, say, the ages of 15 to 30 disciplined themselves to the point of buying only necessary goods, you would be able to get anything you want from the government in no time. The economic effect would be huge, and you would be able to stop the war. But you don't have that ability to sacrifice."
Something like that. And I suspected then, and now, he was right.
There's little doubt that consumption (is "overconsumption" a redundancy about redundancies?) in capitalist (well, in all societies) involves abuse, destruction, waste, and greed.
But couldn't the same be said ever since Adam and Eve (easy on those apples, kids)?
I don't disagree that we (we in the U.S. and the so-called developed nations, as well as we who pollute the air and foul the rivers of a booming China) are ravaging the planet. But on a macroeconomic level, if "we" all were to cut back even to a sensible minimum of consumption (a sensible minimum, however you define it), does that impoverish thousands, if not millions, of suddenly jobless people?
I am neither a microeconomist nor a macroeconomist. I tend to be quite frugal (some would say cheapskate). I am not an extravagant buyer. When clothes are given to me as gifts, I feel sheepish (well, that's true for anything made of wool - HAHAHAHA).
I don't know what to conclude about any of this.
Just some food for thought.
And, speaking of word blenders, as opposed to food blenders, even Wikipedia (the source of many definitions above) is a blend of wiki (Hawaiian for fast) + encyclopedia.
You can look it up.
Laugh. Or....
Else.
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