Hard Truth Week in Review – Health Care Whining Edition
Our local paper ran yet another article featuring the stories of those who do not have health care insurance. The reporter undercuts the merits of the story by including the whinings of this woman who says she can’t afford health insurance. First, she quits her $85,000/year job and chooses not to continue her insurance coverage. She whines about that. Then she learns that when you quit your job in a bad economy, you may have trouble finding another one. Check. She whines about that. Finally, she lands another job at $60k/year and once again chooses not to purchase health insurance. Check. She whines about that also.
Speaking of unanswered questions, I see that Michael Moore is making the rounds promoting his latest movie, this one an attack on capitalism itself. I saw him on Larry King, complaining about how the wealthiest 1% in our country control too much of the money. I have to credit King for immediately asking “well, that 1% would include you wouldn’t it?” All Moore could stammer in response was “well my movies have done well but I’m not sure I’m in the top 1%.” Let’s not split hairs, Moore. Why aren’t you purging yourself of those nasty capitalist profits? When Mr. Hypocrite starts distributing his movie earnings to the bottom 99%, Mr. ToughMoneyLove will buy a ticket. Heck, if Moore would donate just his cheeseburger allowance it would make someone very happy.
Now for some other good reads you might find interesting:
Back in the summer, All Financial Matters published an exhaustive list of personal finance how-to’s, including a couple of mine. I neglected to mention it then so now would be a good time for you to review some of those timeless gems.
The Money Musings blog published some stats about those who are living paycheck to paycheck. In 2009, those barely making it stand at 69%. Pathetic. I’m thinking that a closer analysis of that 69% would show that a high number of them are victims of their own poor choices and skewed priorities. Unfortunately, those in the majority tend to think that they are the normal ones. Not in this case.
Money Ning published an excellent post on the important distinction between building wealth and planning for retirement income. This fundamental concept is at the root of the Failsafe Retirement System and retirement income blog I started last week.
Finally, for a slight diversion, the PsyBlog published a short piece on how long it takes to form a habit. Since a lot of personal finance is about forming good money habits, it’s nice to know that there is some science behind the process.
Enjoy your week and thanks for reading.