Over at Get Rich Slowly, a new staff writer summarizes the plight of yet another blogger, who writes on the dire situation of herself and her 4 kids--move, foreclosure,job loss,and so on. They now live in a situation reminiscent of the one recounted in the Boxcar Children.
All these stories terrify me, not so much for me, but for my children, both still in college. What world are we sending them out to? I am watching the news on Healthcare Reform, not just in a theoretical, but in a personal way. Frugal Son is going to graduate from college in a year or so. And hence will be off my insurance.
Sad day. I have told him, tongue not completely in cheek, to find someone to marry during his year in France. I realize that it might even be prudent to go to graduate school--not to get a desired degree, but to hang on to insurance for a few more years.
I'm hoping things will work out for him and my daughter, who has a few more years safe in college.
So many young people who can't find jobs, who can't find jobs with benefits, who haven't had time to amass the Emergency Fund.
So it occurred to me that I should keep to my frugal ways. To have a double--or even triple--emergency fund. Not for me, but--just on case--for my children. There is not much of a safety net that I can see. So I am wondering: should I think in terms of being my children's safety net?
Am I crazy?